Question

Suppose that a company's daily sales volume attributed to an advertising campaign is given by the...

Suppose that a company's daily sales volume attributed to an advertising campaign is given by the following equation. S(t) = [4/(t + 2)] − [36/(t + 2)^2] + 3 (a) Find how long it will be before sales volume is maximized. t = days (b) Find how long it will be before the rate of change of sales volume is minimized. That is, find the point of diminishing returns.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that a company's sales volume y (in thousands of units) is related to its advertising...
Suppose that a company's sales volume y (in thousands of units) is related to its advertising expenditures x (in thousands of dollars) according to the following. xy − 48x + 16y = 0 Find the rate of change of sales volume with respect to advertising expenditures when x = 16 (thousand dollars).
An inferior product with an extensive advertising campaign does well when it is released, but sales...
An inferior product with an extensive advertising campaign does well when it is released, but sales decline as people discontinue use of the product. If the sales S (in thousands of dollars) after t weeks are given by the following formula, what is the rate of change of sales when t = 10? (Round your answer to two decimal places.) S(t) = 250t/(t + 4)^2 t ≥ 0
Suppose that a company wishes to predict sales volume based on the amount of advertising expenditures....
Suppose that a company wishes to predict sales volume based on the amount of advertising expenditures. The sales manager thinks that sales volume and advertising expenditures are modeled according to the following linear equation. Both sales volume and advertising expenditures are in thousands of dollars. Estimated Sales Volume=46.22+0.45(Advertising Expenditures) If the company has a target sales volume of $275,000, how much should the sales manager allocate for advertising in the budget? Round your answer to the nearest dollar.
The following data represent a company's yearly sales volume and its advertising expenditure over a period...
The following data represent a company's yearly sales volume and its advertising expenditure over a period of 5 years. (Y) Sales in Advertising (X) Millions of Dollars in ($10,000) 15 32 16 33 18 35 17 34 16 36 (a) Compute the coefficient of determination for the estimated regression equation you got in the previous in-class problem. (b) Interpret the meaning of the value of the coefficient of determination that you found in (a). Be very specific. (c) Perform a...
A cigarette company rand an advertising campaign designed to improve sales. To evaluate their campaign, they...
A cigarette company rand an advertising campaign designed to improve sales. To evaluate their campaign, they had subjects record the average number of cigarettes smoked per day in the week before and the week after exposure to the ad. What can be concluded with an α of 0.05. The data are below. before after 46 25 21 34 31 20 34 26 27 41 35 17 12 29 18 19 27 26 16 41 a) What is the appropriate test...
A company's total sales (in millions of $) t months from now is given by the...
A company's total sales (in millions of $) t months from now is given by the function S(t)=2√t+6      (√=square root symbol with t+6 in it) Find the average rate of change in sales in two to four months from now. Find the  with appropriate units. Use the limit definition of the derivative (with rationalizing) Find the sales and the instantaneous rate of change of sales in six months. Write a brief explanation of these results
The following data represent a company's yearly sales volume and its advertising expenditure over a period...
The following data represent a company's yearly sales volume and its advertising expenditure over a period of 8 years.              Sales (Millions) Advertising ($10,000) 15 32 16 33 18 35 17 34 16 36 19 37 19 39 24 42 To make sure the Excel regression package is installed. Click “Tools”, à“Add-Ins” àchoose “Analysis Toolpak” and click “OK”. To use the Excel regression package,                                                       Click “Tools”, à“Data Analysis” and click “Regression”.    f.    Use the F test to determine whether or not...
Belvedere, Colorado is engaging in a bumper-sticker advertising campaign. Monthly sales data from ski shops selling...
Belvedere, Colorado is engaging in a bumper-sticker advertising campaign. Monthly sales data from ski shops selling the "Don't Worry-Be Happy (in Belvedere)" bumper-stickers indicate that: Q = 6,000 - 2,000P where Q is bumper-sticker sales and P is price. A. How many bumper-stickers could Aspen sell at $2 each? B. What price would Aspen have to charge to sell 5,000 bumper-stickers? C. At what price would bumper-sticker sales equal zero? D. How many bumper-stickers could be given away? E. Calculate...
1. A company's contribution margin is $90 per unit at a sales level of 5,400 units....
1. A company's contribution margin is $90 per unit at a sales level of 5,400 units. The company's operating income is $37,000. The company's operating leverage is closest to _____. (Round-off the answer to one decimal place.) a.14.9 b.13.1 c.12.4 d.14.0 2. The break-even point is: a.the same for every company in the same industry. b.the point where a company's profits are maximized. c.the point where total revenue equals total cost. d.the point where sales revenues equal variable costs. 3....
Suppose that your group is the executive sales team for McDonalds. The CEO has given your...
Suppose that your group is the executive sales team for McDonalds. The CEO has given your team a proposal; To analyze the impact of raising the price of the Big Mac by 10% and raising the price of regular fries by 10%. In order to provide your analysis, you need to find out how sensitive customers will be to a price change of Big Macs and fries. In order to find out how sensitive customers are to a price change,...