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Gas station sells 1400 gallons of gasoline per hour if it charges $ 2.05 per gallon but only 1100 gallons per hour if it charges $ 2.95 per gallon. Suppose the  linear model

(a) Find out gallons would be sold per hour of price is $ 2.70 per gallon?

(b) What should gasoline price be to sell 1000 gallons per hour?

(c) Calculate revenue taken at four prices mentioned in this problem -- $ 2.05 , $ 2.70 , $ 2.95 and answer to part

(d) Which price gives the most revenue?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9378543

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