Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A local fruit company recently released a new flavor of applesauce. By the end of the first year, profits on this product amounted to $36,000.00.

A local fruit company recently released a new flavor of applesauce. By the end of the first year, profits on this product amounted to $36,000.00. The anticipated profits for the end of the sixth year is $136,000.00. Assume that the rate of profit will remain constant over time, with P representing the profit and x representing the number of years. a) Write a linear function P(x) that expresses profit as a function of time. P(x)= b) Use the function in (a) to predict the company's profit at the end of the ninth. $ c) Use the function in (a) to predict when company's profit should reach $256,000.00. years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Measure Theory And Integration

Authors: M M Rao, MM Rao

2nd Edition

1351991485, 9781351991483

More Books

Students also viewed these Mathematics questions

Question

What method is used for fitting a logistic regression model?

Answered: 1 week ago