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Suppose you have a cookie stand, and when you charge $3 per cookie box you sell 250 boxes. But when you raise your price to $5 you only sell 120 boxes.
a. Write an equation for the number of boxes you sell as a function of the price you charge.
b. Denote "B" for number of boxes, and "P" for the price you charge.
c. Assume the function is linear.
Suppose you have a mean standardized score of 1000 points with a standard deviation of 200 points.
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A manufacturer finds that the total profit from producing and selling Q units of a product is given by the profit function:
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