Profit = 0.15(1) – 28 = -27.85, which indicates a loss of $27,850

Answer the following questions based on the given regression equation:
1.Using the graphing program that you downloaded, graph the profit equation. Discuss the meaning of the x- and y-axis values on the graph. (Hint: Be sure to label the axis)
2.Discuss the meaning of the slope of the equation that you have just graphed. How is it related to the profit of each e-reader?
3.Based on the results of the graph and the profit equation provided, discuss the relationship between profits and number of e-readers produced.

Question

Profit = 0.15(1) – 28 = -27.85, which indicates a loss of $27,850 

 

Answer the following questions based on the given regression equation:
1.Using the graphing program that you downloaded, graph the profit equation. Discuss the meaning of the x- and y-axis values on the graph. (Hint: Be sure to label the axis) 
2.Discuss the meaning of the slope of the equation that you have just graphed.  How is it related to the profit of each e-reader?
3.Based on the results of the graph and the profit equation provided, discuss the relationship between profits and number of e-readers produced.

anonymous · Answer

6.If profit must equal 100 thousand, how many e-readers will your company need to sell? (Round up to the nearest e-reader.)
7.If your company is hoping to break even, how many e-readers will need to be sold to accomplish this? (Round up to the nearest e-reader.) Hint: At the break-even point, there is neither a profit nor a loss.