Homework Help is Here – Start Your Trial Now!
Math
Statistics
The table shows the approximate increase in sales that an additional $100 spent on advertising, at various levels, can be expected to generate Increase in Revenue Due to an Extra $100 Advertising When Advertising Is Already at a Given Level Expenditures, x (hundred dollars) 25 Revenue Increase, R' (thousand dollars)

The table shows the approximate increase in sales that an additional $100 spent on advertising, at various levels, can be expected to generate Increase in Revenue Due to an Extra $100 Advertising When Advertising Is Already at a Given Level Expenditures, x (hundred dollars) 25 Revenue Increase, R' (thousand dollars)

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.4: Definition Of The Derivative
Problem 50E
See similar textbooks
icon
Related questions
Question
100%

please do not provide solution in image format thank you!

The table shows the approximate increase in sales that an additional $100 spent on advertising, at various levels, can be expected to generate. Increase in Revenue Due to an Extra $100 Advertising When Advertising Is Already at a Given Level Expenditures, x (hundred dollars) 25 50 Revenue Increase, R' (thousand dollars) 4 59 75 94 100 107 125 104 150 78 175 33 (a) Find the function of the quadratic model that gives the approximate increase in revenue in thousand dollars per hundred dollars that occurs when an additional $100 is spent on advertising, where x is the amount in hundred dollars already spent on advertising, with data from 25 sxs 175. (Round all numerical values to three decimal places.) R'(x) = thousand dollars per hundred dollars (b) Use the model in part (a) to write the function of the model for the total sales revenue R in thousand dollars when x hundred dollars is spent on advertising. Use the fact that revenue is approximately $876,000 when $5000 is spent on advertising. (Round all numerical values to three decimal places.) R(x) = thousand dollars (c) The managers of the business are considering an increase in advertising expenditures from the current level of $8000 to $13,000. What effect will this decision have on sales revenue? (Round your answer to the nearest integer.) Sales revenue will -Select- by approximately $ thousand.
Transcribed Image Text:The table shows the approximate increase in sales that an additional $100 spent on advertising, at various levels, can be expected to generate. Increase in Revenue Due to an Extra $100 Advertising When Advertising Is Already at a Given Level Expenditures, x (hundred dollars) 25 50 Revenue Increase, R' (thousand dollars) 4 59 75 94 100 107 125 104 150 78 175 33 (a) Find the function of the quadratic model that gives the approximate increase in revenue in thousand dollars per hundred dollars that occurs when an additional $100 is spent on advertising, where x is the amount in hundred dollars already spent on advertising, with data from 25 sxs 175. (Round all numerical values to three decimal places.) R'(x) = thousand dollars per hundred dollars (b) Use the model in part (a) to write the function of the model for the total sales revenue R in thousand dollars when x hundred dollars is spent on advertising. Use the fact that revenue is approximately $876,000 when $5000 is spent on advertising. (Round all numerical values to three decimal places.) R(x) = thousand dollars (c) The managers of the business are considering an increase in advertising expenditures from the current level of $8000 to $13,000. What effect will this decision have on sales revenue? (Round your answer to the nearest integer.) Sales revenue will -Select- by approximately $ thousand.
Expert Solution
steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
SEE MORE TEXTBOOKS