(d) Suppose that new copies cost $150 and used copies cost $80. Assume the bookstore currently has 50 new copies and 50 used copies. What is the expected value of total revenue from the sale of the next 15 copies purchased? [Hint: Let h(X) = the revenue when X of the 15 purchasers want new copies. Express this as a linear function.]
(d) Suppose that new copies cost $150 and used copies cost $80. Assume the bookstore currently has 50 new copies and 50 used copies. What is the expected value of total revenue from the sale of the next 15 copies purchased? [Hint: Let h(X) = the revenue when X of the 15 purchasers want new copies. Express this as a linear function.]
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 60E
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