How much to charge for sandwich to maximize revenue
The deli sells 640 sandwiches per day at the price of $8 each. The market survey illustrates that for each $0.20 reduction in original $8 price, 15 more sandwiches will be sold. How much must deli charge for the sandwich to maximize revenue?
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The market survey illustrates that for each $0.20 reduction in original $8 price, 15 more sandwiches will be sold. How much must deli charge for the sandwich to maximize revenue?
Suggest that a least squares regression line is to be fitted to the data below to find the linear relationship between X and Y.
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Suggest that a least squares regression line is to be fitted to data below to find out the linear relationship between X and Y.
Consider that a least squares regression line is to be fitted to the data below to determine the linear relationship between X and Y.
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