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Answer the followimg questions pease from the table (The most important question is the first one) 1. What are the product combination prices that maximize
Answer the followimg questions pease from the table (The most important question is the first one)
1. What are the product combination prices that maximize revenue?
2. What is the purpose of the column with the column heading "max surp"?
3. What is the purpose of the column with the column heading "bought"?
4. What does the value in cell E6 represent in the context of the scenario given in the Marketing Analytics textbook.
Combinations | |||||||||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | total | 3413.9 | |||||||
Price | 47.41464 | 35 | 67.86612 | 70 | 70 | 70 | 89.95 | ||||||||
Internet | TV | Cell Phone | Internet | TV | Cell | Internet +TV | Internet +Cell | TV+Cell | All 3 | max surp | bought? | revenue | |||
$3.50 | $7.00 | $3.50 | -43.9146 | -28 | -64.3661 | -$59.50 | -63 | -$59.50 | -$75.95 | -28 | 0 | 0 | |||
$17.50 | $35.00 | $3.50 | -29.9146 | 1.39E-09 | -64.3661 | -17.5 | -49 | -31.5 | -33.95 | 1.39E-09 | 2 | 35 | |||
$28.00 | $28.00 | $49.00 | -19.4146 | -7 | -18.8661 | -14 | 7.000001 | 7 | 15.05 | 15.05 | 7 | 89.95 | Product | Frequency | |
$70.00 | $70.00 | $0.00 | 22.58536 | 35 | -67.8661 | 70 | 6.01E-07 | 5.26E-08 | 50.05 | 70 | 4 | 70 | 0 | 25 | |
$0.00 | $7.00 | $14.00 | -47.4146 | -28 | -53.8661 | -63 | -56 | -49 | -68.95 | -28 | 0 | 0 | 1 | 0 | |
$0.00 | $70.00 | $0.00 | -47.4146 | 35 | -67.8661 | 1.9E-08 | -70 | 5.26E-08 | -19.95 | 35 | 2 | 35 | 2 | 19 | |
$21.00 | $35.00 | $10.50 | -26.4146 | 1.39E-09 | -57.3661 | -14 | -38.5 | -24.5 | -23.45 | 1.39E-09 | 2 | 35 | 3 | 0 | |
$7.00 | $21.00 | $0.00 | -40.4146 | -14 | -67.8661 | -42 | -63 | -49 | -61.95 | -14 | 0 | 0 | 4 | 8 | |
$5.25 | $7.00 | $2.10 | -42.1646 | -28 | -65.7661 | -57.75 | -62.65 | -60.9 | -75.6 | -28 | 0 | 0 | 5 | 2 | |
$21.00 | $28.00 | $28.00 | -26.4146 | -7 | -39.8661 | -21 | -21 | -14 | -12.95 | -7 | 0 | 0 | 6 | 1 | |
$35.00 | $49.00 | $21.00 | -12.4146 | 14 | -46.8661 | 14 | -14 | 5.26E-08 | 15.05 | 15.05 | 7 | 89.95 | 7 | 22 | |
$21.00 | $21.00 | $21.00 | -26.4146 | -14 | -46.8661 | -28 | -28 | -28 | -26.95 | -14 | 0 | 0 | |||
$14.00 | $35.00 | $21.00 | -33.4146 | 1.39E-09 | -46.8661 | -21 | -35 | -14 | -19.95 | 1.39E-09 | 2 | 35 | |||
$14.00 | $35.00 | $14.00 | -33.4146 | 1.39E-09 | -53.8661 | -21 | -42 | -21 | -26.95 | 1.39E-09 | 2 | 35 | |||
$70.00 | $0.00 | $49.00 | 22.58536 | -35 | -18.8661 | 1.9E-08 | 49 | -21 | 29.05 | 49 | 5 | 70 | |||
$7.00 | $35.00 | $14.00 | -40.4146 | 1.39E-09 | -53.8661 | -28 | -49 | -21 | -33.95 | 1.39E-09 | 2 | 35 | |||
$21.00 | $35.00 | $42.00 | -26.4146 | 1.39E-09 | -25.8661 | -14 | -7 | 7 | 8.05 | 8.05 | 7 | 89.95 | |||
$20.65 | $34.65 | $34.65 | -26.7646 | -0.35 | -33.2161 | -14.7 | -14.7 | -0.7 | 2.1E-08 | 2.1E-08 | 7 | 89.95 | |||
$1.75 | $21.00 | $0.00 | -45.6646 | -14 | -67.8661 | -47.25 | -68.25 | -49 | -67.2 | -14 | 0 | 0 | |||
$21.00 | $17.50 | $21.00 | -26.4146 | -17.5 | -46.8661 | -31.5 | -28 | -31.5 | -30.45 | -17.5 | 0 | 0 | |||
$27.65 | $34.65 | $41.65 | -19.7646 | -0.35 | -26.2161 | -7.7 | -0.7 | 6.3 | 14 | 14 | 7 | 89.95 | |||
$7.00 | $0.00 | $28.00 | -40.4146 | -35 | -39.8661 | -63 | -35 | -42 | -54.95 | -35 | 0 | 0 | |||
$21.00 | $35.00 | $10.50 | -26.4146 | 1.39E-09 | -57.3661 | -14 | -38.5 | -24.5 | -23.45 | 1.39E-09 | 2 | 35 | |||
$27.65 | $69.65 | $27.65 | -19.7646 | 34.65 | -40.2161 | 27.3 | -14.7 | 27.3 | 35 | 35 | 7 | 89.95 | |||
$35.00 | $70.00 | $35.00 | -12.4146 | 35 | -32.8661 | 35 | 6.01E-07 | 35 | 50.05 | 50.05 | 7 | 89.95 | |||
$14.00 | $35.00 | $7.00 | -33.4146 | 1.39E-09 | -60.8661 | -21 | -49 | -28 | -33.95 | 1.39E-09 | 2 | 35 | |||
$21.00 | $35.00 | $28.00 | -26.4146 | 1.39E-09 | -39.8661 | -14 | -21 | -7 | -5.95 | 1.39E-09 | 2 | 35 | |||
$7.00 | $70.00 | $0.00 | -40.4146 | 35 | -67.8661 | 7 | -63 | 5.26E-08 | -12.95 | 35 | 2 | 35 | |||
$3.50 | $7.00 | $10.50 | -43.9146 | -28 | -57.3661 | -59.5 | -56 | -52.5 | -68.95 | -28 | 0 | 0 | |||
$0.00 | $21.00 | $14.00 | -47.4146 | -14 | -53.8661 | -49 | -56 | -35 | -54.95 | -14 | 0 | 0 | |||
$21.00 | $56.00 | $35.00 | -26.4146 | 21 | -32.8661 | 7 | -14 | 21 | 22.05 | 22.05 | 7 | 89.95 | |||
$49.00 | $105.00 | $0.00 | 1.585363 | 70 | -67.8661 | 84 | -21 | 35 | 64.05 | 84 | 4 | 70 | |||
$70.00 | $70.00 | $140.00 | 22.58536 | 35 | 72.13388 | 70 | 140 | 140 | 190.05 | 190.05 | 7 | 89.95 | |||
$21.00 | $105.00 | $14.00 | -26.4146 | 70 | -53.8661 | 56 | -35 | 49 | 50.05 | 70 | 2 | 35 | |||
$21.00 | $35.00 | $14.00 | -26.4146 | 1.39E-09 | -53.8661 | -14 | -35 | -21 | -19.95 | 1.39E-09 | 2 | 35 | |||
$0.00 | $140.00 | $0.00 | -47.4146 | 105 | -67.8661 | 70 | -70 | 70 | 50.05 | 105 | 2 | 35 | |||
$0.00 | $35.00 | $0.00 | -47.4146 | 1.39E-09 | -67.8661 | -35 | -70 | -35 | -54.95 | 1.39E-09 | 2 | 35 | |||
$7.00 | $35.00 | $21.00 | -40.4146 | 1.39E-09 | -46.8661 | -28 | -42 | -14 | -26.95 | 1.39E-09 | 2 | 35 | |||
$35.00 | $35.00 | $35.00 | -12.4146 | 1.39E-09 | -32.8661 | 1.9E-08 | 6.01E-07 | 5.26E-08 | 15.05 | 15.05 | 7 | 89.95 | |||
$21.00 | $31.50 | $17.50 | -26.4146 | -3.5 | -50.3661 | -17.5 | -31.5 | -21 | -19.95 | -3.5 | 0 | 0 | |||
$7.00 | $21.00 | $7.00 | -40.4146 | -14 | -60.8661 | -42 | -56 | -42 | -54.95 | -14 | 0 | 0 | |||
$35.00 | $35.00 | $35.00 | -12.4146 | 1.39E-09 | -32.8661 | 1.9E-08 | 6.01E-07 | 5.26E-08 | 15.05 | 15.05 | 7 | 89.95 | |||
$28.00 | $70.00 | $70.00 | -19.4146 | 35 | 2.133879 | 28 | 28 | 70 | 78.05 | 78.05 | 7 | 89.95 | |||
$21.00 | $0.00 | $14.00 | -26.4146 | -35 | -53.8661 | -49 | -35 | -56 | -54.95 | -26.4146 | 0 | 0 | |||
$35.00 | $35.00 | $35.00 | -12.4146 | 1.39E-09 | -32.8661 | 1.9E-08 | 6.01E-07 | 5.26E-08 | 15.05 | 15.05 | 7 | 89.95 | |||
$35.00 | $49.00 | $21.00 | -12.4146 | 14 | -46.8661 | 14 | -14 | 5.26E-08 | 15.05 | 15.05 | 7 | 89.95 | |||
$70.00 | $70.00 | $35.00 | 22.58536 | 35 | -32.8661 | 70 | 35 | 35 | 85.05 | 85.05 | 7 | 89.95 | |||
$5.25 | $17.50 | $8.75 | -42.1646 | -17.5 | -59.1161 | -47.25 | -56 | -43.75 | -58.45 | -17.5 | 0 | 0 | |||
$0.00 | $35.00 | $0.00 | -47.4146 | 1.39E-09 | -67.8661 | -35 | -70 | -35 | -54.95 | 1.39E-09 | 2 | 35 | |||
$21.00 | $35.00 | $35.00 | -26.4146 | 1.39E-09 | -32.8661 | -14 | -14 | 5.26E-08 | 1.05 | 1.05 | 7 | 89.95 | |||
$24.50 | $14.00 | $14.00 | -22.9146 | -21 | -53.8661 | -31.5 | -31.5 | -42 | -37.45 | -21 | 0 | 0 | |||
$24.50 | $35.00 | $24.50 | -22.9146 | 1.39E-09 | -43.3661 | -10.5 | -21 | -10.5 | -5.95 | 1.39E-09 | 2 | 35 | |||
$21.00 | $35.00 | $52.50 | -26.4146 | 1.39E-09 | -15.3661 | -14 | 3.500001 | 17.5 | 18.55 | 18.55 | 7 | 89.95 | |||
$35.00 | $21.00 | $70.00 | -12.4146 | -14 | 2.133879 | -14 | 35 | 21 | 36.05 | 36.05 | 7 | 89.95 | |||
$7.00 | $7.00 | $14.00 | -40.4146 | -28 | -53.8661 | -56 | -49 | -49 | -61.95 | -28 | 0 | 0 | |||
$7.00 | $7.00 | $7.00 | -40.4146 | -28 | -60.8661 | -56 | -56 | -56 | -68.95 | -28 | 0 | 0 | |||
$35.00 | $0.00 | $35.00 | -12.4146 | -35 | -32.8661 | -35 | 6.01E-07 | -35 | -19.95 | 6.01E-07 | 5 | 70 | |||
$175.00 | $210.00 | $0.00 | 127.5854 | 175 | -67.8661 | 315 | 105 | 140 | 295.05 | 315 | 4 | 70 | |||
$14.00 | $0.00 | $0.00 | -33.4146 | -35 | -67.8661 | -56 | -56 | -70 | -75.95 | -33.4146 | 0 | 0 | |||
$35.00 | $49.00 | $14.00 | -12.4146 | 14 | -53.8661 | 14 | -21 | -7 | 8.05 | 14 | 4 | 70 | |||
$10.50 | $7.00 | $7.00 | -36.9146 | -28 | -60.8661 | -52.5 | -52.5 | -56 | -65.45 | -28 | 0 | 0 | |||
$7.00 | $14.00 | $3.50 | -40.4146 | -21 | -64.3661 | -49 | -59.5 | -52.5 | -65.45 | -21 | 0 | 0 | |||
$175.00 | $350.00 | $70.00 | 127.5854 | 315 | 2.133879 | 455 | 175 | 350 | 505.05 | 505.05 | 7 | 89.95 | |||
$0.00 | $14.00 | $14.00 | -47.4146 | -21 | -53.8661 | -56 | -56 | -42 | -61.95 | -21 | 0 | 0 | Penalty | dev | |
$12.25 | $35.00 | $0.00 | -35.1646 | 1.39E-09 | -67.8661 | -22.75 | -57.75 | -35 | -42.7 | 1.39E-09 | 2 | 35 | TV-(I+TV) | -35 | |
$35.00 | $42.00 | $42.00 | -12.4146 | 7 | -25.8661 | 7 | 7.000001 | 14 | 29.05 | 29.05 | 7 | 89.95 | I-(I+TV) | -22.5854 | |
$35.00 | $56.00 | $0.00 | -12.4146 | 21 | -67.8661 | 21 | -35 | -14 | 1.05 | 21 | 4 | 70 | Cell-(I+Cell) | -2.13388 | |
$35.00 | $42.00 | $0.00 | -12.4146 | 7 | -67.8661 | 7 | -35 | -28 | -12.95 | 7 | 4 | 70 | I-(I+C) | -22.5854 | |
$42.00 | $52.50 | $7.00 | -5.41464 | 17.5 | -60.8661 | 24.5 | -21 | -10.5 | 11.55 | 24.5 | 4 | 70 | TV-(TV+Cell) | -35 | |
$21.00 | $21.00 | $7.00 | -26.4146 | -14 | -60.8661 | -28 | -42 | -42 | -40.95 | -14 | 0 | 0 | Cell-(TV+Cell) | -2.13388 | |
$27.65 | $48.65 | $27.65 | -19.7646 | 13.65 | -40.2161 | 6.3 | -14.7 | 6.3 | 14 | 14 | 7 | 89.95 | (I+TV)-All | -19.95 | |
$0.00 | $56.00 | $35.00 | -47.4146 | 21 | -32.8661 | -14 | -35 | 21 | 1.05 | 21 | 6 | 70 | (I+C)-All | -19.95 | |
$0.00 | $7.00 | $0.00 | -47.4146 | -28 | -67.8661 | -63 | -70 | -63 | -82.95 | -28 | 0 | 0 | (TV+Cell)-All | -19.95 | |
$35.00 | $35.00 | $56.00 | -12.4146 | 1.39E-09 | -11.8661 | 1.9E-08 | 21 | 21 | 36.05 | 36.05 | 7 | 89.95 | TV-All | -54.95 | |
$21.00 | $28.00 | $28.00 | -26.4146 | -7 | -39.8661 | -21 | -21 | -14 | -12.95 | -7 | 0 | 0 | Cell-All | -22.0839 | |
$0.00 | $42.00 | $7.00 | -47.4146 | 7 | -60.8661 | -28 | -63 | -21 | -40.95 | 7 | 2 | 35 | I-All | -42.5354 | |
$35.00 | $35.00 | $1.75 | -12.4146 | 1.39E-09 | -66.1161 | 1.9E-08 | -33.25 | -33.25 | -18.2 | 1.9E-08 | 4 | 70 | Total |
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