Question
Consider the following.The New You fitness clothing company tracks the amount it spends on advertising each month. It was determined that when the company spends
Consider the following.The New You fitness clothing company tracks the amount it spends on advertising each month. It was determined that when the company spends $1,000 per month on advertising, it sells67,560piecesof fitness clothing. When it spends $4,000per month on advertising, it sells86,310piecesof fitness clothing.Letxrepresent the amount the company spends on advertising in a month in thousands of dollars, and letyrepresent the number of pieces of fitness clothing it sells in thousands.Compute the marginal changeb.b= pieces of fitness clothing per dollarUse the marginal change and the fact that when the company spends $1,000 per month on advertising, it sells67,560piecesof fitness clothing to determine they-interceptin the equation
y=a+bx.
(x,y) =
Write the equation in the form
y=a+bx
for the number of pieces of fitness clothing sold (in thousands) whenxthousanddollars is spent on advertising.
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