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 = 6,5
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Question 756436: 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 = 6,500 + 100 ln a (a ≥ 1)
How many units are sold after spending $1,000? (Round your answer to the nearest whole number.)
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
The formula: N = 6,500 + 100 ln a
= 6,500 + 100 ln(1000)
= 6,500 + 100(6.908)
= 6,500 + 690.78
= 7191 units are sold.
Hope this helps.
:-)
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