A soft-drink vendor at a popular beach analyzes his sales records and finds that if he sells cans of soda pop in one day, his profit (in dollars) is given by the function below. P(x) = - 0.001x ^ 2 + 3x - 1800 a) How many cans must he sell for his maximum profit? b ) What is his maximum profit ? c) How many cans must he sell in order to make a profit of at least $ 360?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A soft-drink vendor at a popular beach analyzes his sales records and finds that if he sells cans of soda pop in one day, his profit (in dollars) is given by the function below.
P(x) = - 0.001x ^ 2 + 3x - 1800
a) How many cans must he sell for his maximum profit?
b ) What is his maximum profit ?
c) How many cans must he sell in order to make a profit of at least $ 360?
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