Stats Solutions

[See Steps] When a resort hotel with 150 rooms charges $l65 for an ovemight stay. on the average 120 rooms are rented. For every 85 decrease in the room

Question:

When a resort hotel with 150 rooms charges $l65 for an ovemight stay. on the average 120 rooms are rented. For every 85 decrease in the room rate. six more rooms are rented. What should the hotel charge for an overnight stay to maximize revenue? How many room will be rented? What is the maximum revenue? Use ealeulus techniques to solve this problem Be sure you state the domain of your function. And. remember to verify that you’ve found a maximum by using either the First Derivative Test or the Second Derivative Test. or by checking for absolute extrema.)

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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