26 27 28 29 30 40 60 BO 100 1000 z 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0% 0.684 0.884 0.683 0.683 0.083 0.681 0.679 0.678 0.677 0.675 0.674 50% 0.856 0.855 0.855 0.854 0.854 0.851 0.848 0.846 0.845 0.842 0.842 60% 1.050 1.057 1.056 1.056 1.055 1.050 1.045 1.043 1,042 1.037 1.030 70% 1.315 1.705 2.056 1.314 1.703 2.052 1.313 1.701 2048 1:311 1.699 2045 1.310 1.697 2042 1.303 1.684 2021 1.296 1.671 2.000 1.292 1.664 1.990 1 290 1.660 1.282 1.646 1.962 1.282 1.645 1.960 80% 90% 95% Confidence Level 2479 2473 2467 2.462 2.457 2.423 2390 2.374 2.364 2.330 2.326 98% 2.779 3.435 2.771 3.421 3.4 2.763 3.408 3.6 2.756 3.390 3.6 2.750 3.385 3.6 2.704 3.307 3.50 2.660 3.232 3.46 2.639 3.195 3.41 2.626 3.174 3.39 2.581 3.098 3.300 2.576 3.090 3.291 99% 99.8% 99.9% QUESTIC 4 The Fiskars Company sales liquid-gel ink pens. The company has estimated the following demand function for the liquid-gelink pens. Q = 24,600 - 3,920P+4OPA-4P2.242 Q liquid gel ink pen demanded per month (# of packs) the price of the liquid-gelink pens (measured in S) = the advertising expenditure per month (measured dollars) 1. Determine the optimal levels of P and A. Round price and advertising to two places behind the decimal point. (eg., 9.82) P A 2. Prove the values for P and Q will maximize demand. Do not round. 820/6P2 - 1 80/8A2- 3. Calculate the level of demand based on the values for Pand A. Round the quantity demanded to a whole number