Questions 11-15
Questions 16-20
100

Question 12: At what price is the maximum profit?

A. $24

100

Question 19: How many lawn chairs are demanded?

B. 2,550

200

Question 13: Which term best describes the correlation?

D. Weak Negative

200

Question 20: How many ice cream cones could Maxine expect to sell?

B. 278

300

Question 11: What are the approximate breakeven points?

C. 15 and 47 

300

Question 18: What is the regression equation for the scatterplot...

D. y=13.4x-11.1

400

Question 15: What is the expense of producing 3,500 rackets?

C. $127,490

400

Question 16: What is the revenue if the price per step stool is $18?

B. $135, 720

500

Question 14: What will happen if Leroy sets the price at $3.99?

B. The demand will exceed the supply.

500

Question 17: When the points are plotted in a scatterplot, what is the correlation coefficient?

A. -0.93