53
QuizMultiple Choice

Business Statistics — Quiz

Question 53 • Financial Math

Based on the regression equation, what is the price that maximizes earnings and the maximum earnings amount? Round to whole dollars.

Answer
A
The maximum earnings are 84 dollars comma 851 point 7 1 when the price is 30 dollars.
B
The maximum earnings are 84 dollars comma 851 point 7 1 when the price is 33 point 8 2 dollars.
C
The maximum earnings are 86 point 5 6 dollars when the price is 35 dollars.
D
The maximum earnings are 86 point 5 6 dollars when the price is 33 point 8 2 dollars.
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