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Use the table below to answer the following question(s). Bolton Computer's Laptop Pricing Decision ​ ​...

Use the table below to answer the following question(s).

Bolton Computer's Laptop
Pricing Decision		 ​
​ ​
Inputs ​
​ ​
Price ​
​ ​
Model ​
​ ​
Sales -3.85 × price + 1150.9
​ ​
Outputs ​
​ ​
Total revenue sales × price



According to the nonlinear model, which of the following is the expected sales figure based on the computed price?

According to the nonlinear model, which of the following is the total revenue expected from the sales?

math   Statistics-And-Probability   
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Answer #1

expected sales = -3.85 × price + 1150.9

total revenue = sales × price = (-3.85 × price + 1150.9 ) * price

= 1150.9 price - 3.85 price^2

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