Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Example: Suppose you have a company that sells t-shirts to retail stores, and the price you charge depends on how many shirts the store buys.

image text in transcribed

image text in transcribed

Example: Suppose you have a company that sells t-shirts to retail stores, and the price you charge depends on how many shirts the store buys. If a store buys 20 shirts or less, you charge $8 per shirt. If a store buys more than 20 shirts, they pay $8 each for the first 20 shirts, and then $6 per shirt for anything above 20. (That means 20 shirts would cost $160 total, and 21 shirts would cost $166 total.) In this situation, the cost in dollars) of buying x t-shirts is the piecewise function 8x if 0 20. f(x) = You enter this function into Excel using an IF command as follows: = IF(value is in stated domain, apply this formula, otherwise apply this formula) For this example, let's suppose our input value is in Cell A2, then the IF command will look like this: = IF(A2 20. Enter this formula into Column C (rows 2-8) in the spreadsheet, while continuing to use Column A as your input variable column. Example to Use for Column D: This is the same situation and formula as Column C, but we want to do just a little bit more. If you think about it, you can' fx XXXX A B C D 1 Local Store Cost ($) 0 2 3 4 5 6 T-Shirts Ordered 0 5 10 15 20 25 30 40 80 120 Non-local Store Cost ($) XXXX XXXX XXXX XXXX XXXX XXXX XXXX 160 7 310 340 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Sheet1

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

Students also viewed these Accounting questions

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago