To determine: The number of luxury home sales S(t) in a major Canadian urban area over a period of 12 year is given by: Rightarrow S(t)=5.8 t^{2} - 81.2 t + 1200

melodykap

melodykap

Answered question

2021-03-05

To determine: The number of luxury home sales S(t) in a major Canadian urban area over a period of 12 year is given by:  S(t)=5.8 t2  81.2 t + 1200

Answer & Explanation

Dora

Dora

Skilled2021-03-06Added 98 answers

Step 1 For minimum number of sales:  dS(t)dt=0
 d(5.8t2  81.2t + 1200)dt=0
 11.6t  81.2=0
 11.6t=81.2
 t=81.211.6
 t=7

Step 2

So, minimum number of sales is given by  S(7)=5.8(7)2  81.2(7) + 1200
 S(7)=284.2  568.4 + 1200
 S(7)=915.8
 S(7) = 916

Do you have a similar question?

Recalculate according to your conditions!

New Questions in College Statistics

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?