A company that produces digital cameras in the USA has produced the following price-demand data in table 1: Table 1: Price-Demand X Millions P ($) 2 87 5 68 8 53 12 37 Using regression analysis, the company produced the following price-demand function to model the above data: Plot the data in table 1. Then sketch a graph of the price-demand function in the same coordinate system. What is the company’s revenue function for the cameras and what is it’s domain? Complete the following table. Then sketch a graph of the revenie function using these points. Revenue Table: X Millions P ($) 1 90 3 ? 6 ? 9 ? 12 ? 15 ?

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.6: Exponential And Logarithmic Equations

Problem 68E

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A company that produces digital cameras in the USA has produced the following price-demand data in table 1:

Table 1: Price-Demand

X Millions P ($)

2 87

5 68

8 53

12 37

Using regression analysis, the company produced the following price-demand function to model the above data:

Plot the data in table 1. Then sketch a graph of the price-demand function in the same coordinate system.
What is the company’s revenue function for the cameras and what is it’s domain?
Complete the following table. Then sketch a graph of the revenie function using these points.

Revenue Table:

X Millions P ($)

1 90

3 ?

6 ?

9 ?

12 ?

15 ?

System that uses coordinates to uniquely determine the position of points. The most common coordinate system is the Cartesian system, where points are given by distance along a horizontal x-axis and vertical y-axis from the origin. A polar coordinate system locates a point by its direction relative to a reference direction and its distance from a given point. In three dimensions, it leads to cylindrical and spherical coordinates.

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