2. Suppose a company has fixed costs of $38, 400 and variable cost per unit of r + 333 dollars, where r is the total number of units produced. Suppose further that the selling price of its product is 1565 - r dollars per unit. (i) Write revenue as a fuction of r and expand it. (ii) Find the profit function. (iii) Find the break even points. Show how you find them. (iv) Find the level of sales that maximizes profit and find the maximum profit. v) What should be the price of a scooter to maximize the profit?

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.