The revenue per month earned by the Couture clothing chain at time tis R(t) = N(t)S(t), where N(t) is the number of stores and S(t) is the average revenue per store per month. Couture releases a statement to their investors saying that currently they have 50 stores with a total revenue of $7,500,000 and expect to increase the number of stores by about 2 stores per month and increase total revenue by about $250,000 per month. What does this statement imply about the current rate of change of the average revenue per store per month?
The revenue per month earned by the Couture clothing chain at time tis R(t) = N(t)S(t), where N(t) is the number of stores and S(t) is the average revenue per store per month. Couture releases a statement to their investors saying that currently they have 50 stores with a total revenue of $7,500,000 and expect to increase the number of stores by about 2 stores per month and increase total revenue by about $250,000 per month. What does this statement imply about the current rate of change of the average revenue per store per month?
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 33EQ
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Question 6 The revenue per month earned by the Couture clothing chain at time tis R(t) = N(t)S(t), where N(t) is the number of stores and S(t) is the average revenue per store per month. Couture releases a statement to their investors saying that currently they have 50 stores with a total revenue of $7,500,000 and expect to increase the number of stores by about 2 stores per month and increase total revenue by about $250,000 per month. What does this statement imply about the current rate of change of the average revenue per store per month?
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