SOLUTION: An advertising agency conducted a survey and found that the number of units sold, N, is related to the amount a spent on advertising (in dollars) by the following formula:
N =
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Question 712852: An advertising agency conducted a survey and found that the number of units sold, N, is related to the amount a spent on advertising (in dollars) by the following formula:
N = 4,500 + 400 ln a (a ≥ 1)
How many units are sold after spending $1,000? (Round your answer to the nearest whole number.)
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
N = 4,500 + 400 ln a (a ≥ 1)
How many units are sold after spending $1,000?
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N(1000) = 4500 + 400*ln(1000)
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N(1000) = 4500 + 2763 = 7263
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Cheers,
Stan H.
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