Your monthly profit (in dollars) from selling magazines is given by P = 8x +√(6x + 10) where x is the number of magazines you sell in a month. If you are currently selling 60 magazines per month, find your profit and your marginal profit, in dollars. (Round your answers to the nearest cent.) current profit = marginal profit= Interpret your answers. The current profit is $____ per month, and this would increase by $____ per additional magazine in sales.
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.
Your monthly profit (in dollars) from selling magazines is given by
P = 8x +√(6x + 10)
Given:
The profit function is : , where x is the number of magazines you sell in a month.
To find:
If you are currently selling 60 magazines per month, find your profit and your marginal profit, in dollars.
Interpret your answers.
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