Question
The campus bookstore has estimated that its profit (in dollars) from selling x hundred basketball conference championship t-shirts given by the equation shown below. P
The campus bookstore has estimated that its profit (in dollars) from selling x hundred basketball conference championship t-shirts given by the equation shown below.
P = -42x^2 + 582x - 520
The demand is currently 700 t-shirts, but euphoria over the championship is subsiding so the demand is dropping by 100 t-shirts per day. How is the profit changing with respect to time?
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Statistical Inference Via Convex Optimization
Authors: Anatoli Juditsky, Arkadi Nemirovski
1st Edition
0691200319, 9780691200316
