1. You have a home business selling designer necklaces. You have done some market research, which shows that at a price of $40 you can sell
500 per week, and at a price of $60 you can sell 400 per week. Assuming
that the relationship between price and quantity sold is linear, find the
price that maximizes revenue. You must use methods that we developed
and practiced in the course. You will be graded not only on your answer
but on the clarity of your presentation.

The price that maximizes the profits from the sale of the product is $60.

Step-by-step explanation:

Since selling necklaces at $ 40 allows a total amount of 500 sales per week, while a price of $ 60 allows 400 sales at the same time, the following calculations must be made to determine the price that maximizes sales performance:

40 x 500 = $ 20,000

60 x 400 = $ 24,000

50 x 450 = $ 22,500

55 x 425 = $ 23,375

58 x 410 = $ 23,780

59 x 405 = $ 23,895

As can be seen from the calculations developed, the price that maximizes the profits from the sale of the product is $60.

the answer   is 200

step-by-step explanation:

this is a problem about poisson probabilities.   i don't know if you've

already studied poisson distributions, or if you have a place to look

to read more about the subject.  

here's how you can see a poisson distribution coming.   when there are

a lot of events that may happen at any time (or any place), and when

you're counting how many of them happen at a particular time (or a

particular place), and each event is independent of the others, then

the result is a poisson distribution.   this is roughly true for the

chocolate chips; one chip being in a cookie has only a small effect on

the probability that another chip will be in the cookie.

once you know you have a poisson distribution, you know a lot.   there

is only one parameter to a poisson distribution, so if you know the

mean, you know everything.   the form of the distribution is

  probability of n chips = {[e^(-x)]*(x^n)} / (n! )

step-by-step explanation:

3024 rhe base is what up in worry about