Solved

Solve the Problem p=39873ln(q)\mathrm { p } = 398 - 73 \ln ( \mathrm { q } )

Question 513

Short Answer

Solve the problem.
-Data representing the price and quantity demanded for hand-held electronic organizers were analyzed every
day for 15 days. The logarithmic function of best fit to the data was found to be p=39873ln(q)\mathrm { p } = 398 - 73 \ln ( \mathrm { q } ) Use this to
predict the number of hand-held electronic organizers that would be demanded if the price were $275.

Correct Answer:

verifed

Verified

5 electron...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents