Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Advertising (in thousands) Profit (in thousands) 5 150 7 200 9 250 11 325 13 400 15 450 17 500 19 525 1) Find a

Advertising (in thousands) Profit (in thousands)
5 150
7 200
9 250
11 325
13 400
15 450
17 500
19 525

1) Find a cubic model, , for the profit (in thousands), where is the advertising expenditure, in thousands of dollars. Do not alter the inputs. Round each coefficient to 2 decimal places. State the function.

2) Find the rate of change function , including proper units.

3) Using the model, find the instantaneous rate of change when $10,000 is being invested in advertising each month.

4) Using the table data, find the average rate of change when the advertising expenditure increases from $9,000 to $11,000.

5) Using the graph of the model , estimate the -values where the tangent line would be horizontal. Paste a copy of the graph here using these instructions:

a. Graph and set the viewing window to a good fit.

b. Click the icon at the top right that is a box with an arrow in it.

c. Click the button to Export Image.

d. Click Download PNG.

e. Insert the PNG below and adjust the size as needed.

6) Using the graph of the derivative , locate the -values where the derivative is equal to 0 (crosses the -axis). In Desmos, label this graph instead of to avoid confusing Desmos. Paste a copy of this graph here using the above instructions.

7) Are your answers to #5 and #6 similar? Explain why they should be.

8) Using the graph of the model , estimate the -value of the inflection point.

9) Using the graph of the model , estimate the slope of the graph / slope of a tangent line at the inflection point. To do this, follow these steps:

a. Zoom in on the inflection point until the graph looks like a straight line.

b. Estimate two points at / near the inflection point. State the two points here.

c. Compute the slope between the two points. State the slope.

10) Using the graph of the derivative , estimate the -value of the maximum / highest point.

11) Are your answers to #9 and #10 similar? Explain why they should be.

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

Linear Algebra Step By Step

Authors: Kuldeep Singh

1st Edition

0191507768, 9780191507762

More Books

Students also viewed these Mathematics questions

Question

What is the source of retained earnings?

Answered: 1 week ago

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago