The annual cost C (in thousands of dollars) and revenue R (in thousands of dollars) for a company each

year from 2010 through 2016 can be approximated by the models = 254 − 9 + 1. 12 and = 341 +

3. 2 where t is the year.

Write a function P that represents the annual profit of the company.

(Profit = Revenue − Cost)

Respuesta :

A function P is provided that represents the company's annual profit: P = (1.1)t² - (12.2)t + 87 .

Describe the term Function?

  • Function: A relationship between two variables, one of which is dependent on the other and the other of which is independent, is represented by an expression.
  • The overall cost incurred by a business (or organization) for one employee over the course of a year is known as the annual cost.

We provided Cost C. ( in thousand of dollar)

And a company's revenue R (in thousands of dollars).

C is the cost function.

  • C = 254 - 9t + (1.1)t²
  • Revenue function R = 341 - 3.2t
  • where t time in year .

The value t = 9 is 9 years.

If P is the Annual profit. Then,

Profit = Revenue − Cost

P = R - C

P = 341 - (3.2)t - 254 - 9t + (1.1)t²

= (1.1)t² - (12.2)t + 87

Thus, a function P is provided that represents the company's annual profit: P = (1.1)t² - (12.2)t + 87 .

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Complete Question:

The annual cost C in thousands of dollars and revenue R in thousands of dollars for a company each year from 2010 through 2016 can be approximated by the models C = 254 − 9t + 1.1t2 and R = 341 + 3.2t where t is the year, with t = 10 corresponding to 2010.

(a) Write a function P that represents the annual profit of the company.

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