ANSWERS GRADED A+ LATEST UPDATE.
1.A local business is looking to become a franchise. The company wants to
predict the number of franchises, F, given a certain number of years, Y. This
prediction is modeled by the function F( Y). What can be concluded by F(5) =
10? ANS >> In 5 years, there will be 10 open stores.
2. A bank begins a marketing campaign to increase its number of customers.
Each month, all new customers are put into a drawing. One customer then
receives a $50 credit in a checking account.The amount of money given away
in the drawing, G, is a function of the number of months, M, the drawing
has been going on for. What is the correct function notation to represent
the amount of money given away after the drawing has been going on for 5
months? ANS >> G(5) = 250
3. The volume of calls, V( h), at a particular customer service center can be
written as a function of the number of hours after opening each day, h. What
would the ordered pair (6,8) represent for this function? ANS >> There were 8
calls 6 hours after opening.
4. A company has developed two functions, L( t) and M( t), that determine the
least amount and most amount, respectively, of revenue it will make in any
given month in dollars (with t = 1 corresponding to January). What can the
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, company reasonably conclude if L(2) = 3,000 and M(2) = 5,000? ANS >> In
February, it will make between $3,000 and $5,000.
5. A server at a restaurant has realized that tips, T, in dollars are related to
the number of hours, h, that have been worked on any given day. Tips can be
modeled by the function T( h) = X. How can this function be interpreted?
ANS >> If the server works h hours, the tips will be $ X.
6. A company pays its employees a base salary each month plus a commis-
sion, C, based on the number of sales, s, made by an employee during the
month. An employee made 8 sales in the last month and received a commis-
sion of $1,600. How would this be represented in function notation? ANS >>
C(8) = 1600
7. Below is a growth graph of a business. It compares gross growth and net
growth. What can be said about the growth between the years o f 2012 and
2014? ANS >> Both gross and net growth increased.
8. The graph below shows the three-month average percentage year-on-year
growth for real total pay for the years 2010-2016, along with the Office for
016-2021.
growth will
Budget Responsibility's (OBR's) growth forecast for the years 2
What can be concluded from this graph? ANS >> The OBR
forecasts the
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, remain above 1% between 2016 and 2021.
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