The first, second, and third component of the “price vector â€� p = $ 479.99 , $ 799.99 , $ 1099.99 denote the respective prices of 40-, 55-, and 60-inch flatscreen television sold by a store. Suppose that s 1 , s 2 , and s 3 denote, respectively, the number of each type of television sold by the store in a given month and that s = s 1 , s 2 , s 3 . What is an economic interpretation of the dot product p ⋅ s?
The first, second, and third component of the “price vector â€� p = $ 479.99 , $ 799.99 , $ 1099.99 denote the respective prices of 40-, 55-, and 60-inch flatscreen television sold by a store. Suppose that s 1 , s 2 , and s 3 denote, respectively, the number of each type of television sold by the store in a given month and that s = s 1 , s 2 , s 3 . What is an economic interpretation of the dot product p ⋅ s?
The first, second, and third component of the “price vector�
p
=
$
479.99
,
$
799.99
,
$
1099.99
denote the respective prices of 40-, 55-, and 60-inch flatscreen television sold by a store. Suppose that
s
1
,
s
2
,
and
s
3
denote, respectively, the number of each type of television sold by the store in a given month and that
s
=
s
1
,
s
2
,
s
3
. What is an economic interpretation of the dot product
p
⋅
s?
Quantities that have magnitude and direction but not position. Some examples of vectors are velocity, displacement, acceleration, and force. They are sometimes called Euclidean or spatial vectors.
Precalculus: Mathematics for Calculus (Standalone Book)
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