Modeling for Business: Part Two — Test

Question 1

What is the point that represents the price and profit which Brian achieves maximum profit?

Revolt · Accepted Answer

Point C

Question 2

Which statement is true based on the data and the regression equation?

Revolt · Accepted Answer

Demand will increase as the price rises until it reaches 396 dollars, and then it will decrease further if the price increases.

Question 3

What action could AquaPure Water Systems take to improve its financial health based on the trends shown in the graph?

Revolt · Accepted Answer

increase marketing efforts to boost sales and revenue

Question 4

Which statement is true based on the data and the regression equation?

Revolt · Accepted Answer

Demand will increase as the price rises until it reaches 396 dollars, and then it will decrease further if the price increases.

Question 5

Which category in both business and personal budgets includes expenses like electricity and water?

Revolt · Accepted Answer

utilities

Question 6

Analyze each business's profits and revenues. Which business earns the most profit compared to its revenue?

Revolt · Accepted Answer

Business C earns the most.

Question 7

What is the standard deviation of the number of establishments?

Revolt · Accepted Answer

91 point 9 6

Question 8

If EcoClean Services pays off $50,000 of its liabilities, what will be the new worth?

Revolt · Accepted Answer

$400,000

Question 9

What is the mean of the number of establishments?

Revolt · Accepted Answer

1 comma 062 point 1 4

Question 10

What is the total actual amount spent on expenses?

Revolt · Accepted Answer

13 dollars comma 750

Modeling for Business: Part Two — Test Answers