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Business Analytics, 2nd Edition Test Bank

Keep your study sessions productive with Business Analytics, 2nd Edition Test Bank, covering essential topics in an easy-to-digest format.

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Business Analytics, 2e365Business Analytics(Evans)Supplementary Chapter ANonlinear and Non-Smooth OptimizationUse the table below to answer the following question(s).Bolton Computer'sLaptopPricing DecisionInputsPriceModelSales-3.85 × price + 1150.9OutputsTotal revenuesales × price1) Bolton Computers are planning to release a new line of low-end laptops. Using Excel'sSolver,develop a nonlinear model to calculate the optimal price for the laptops, given that sales = -3.85× price + 1150.9.A) 342.40B) 380.90C) 719.70D) 149.47Answer: DDiff: 2Blooms: ApplyAACSB: Analytic SkillsTopic: Modeling and Solving Nonlinear Optimization ProblemsLO1: Develop and solve nonlinear optimization models for different applications.LO2: Use a modern software tool to perform statistical calculations.

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Business Analytics by James R. Evan...

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