Math Problem Statement

A record club has found that the marginal​ profit,

Upper P prime left parenthesis x right parenthesisP′(x)​,

in​ cents, is given by

Upper P prime left parenthesis x right parenthesis equals negative 0.0007 x cubed plus 0.23 x squared plus 45.4 xP′(x)=−0.0007x3+0.23x2+45.4x

for

x less than or equals 300x≤300​,

where x is the number of members currently enrolled in the club. Approximate the total profit when

180180

members are enrolled by computing the sum

Summation from i equals 1 to 6 Upper P prime left parenthesis x Subscript i Baseline right parenthesis Upper Delta x∑i=16P′xiΔx

with

Upper Delta x equals 30Δx=30.

010020030003,2006,4009,60012,80016,000Number of membersMarginal profit (in cents)

Upper P prime left parenthesis x right parenthesis equals negative 0.0007 x cubed plus 0.23 x squared plus 45.4 xP′(x)=−0.0007x3+0.23x2+45.4x

Upper II

IIII

IIIIII

IVIV

Upper VV

VIVI

A coordinate system has a horizontal axis labeled Number of members with ticks from 0 to 300 in increments of 50 and a vertical axis labeled Marginal profit (in cents) from 0 to 16000 in increments of 1600. A smooth curve labeled Upper P prime left parenthesis x right parenthesis equals negative 0.0007 x cubed plus 0.23 x squared plus 45.4 x generally rises from left to right. Six shaded 30-unit wide rectangles of different heights are spaced evenly along the horizontal axis from x equals 0 to x equals 180 with no gaps such that the bottom side coincides with the x-axis and the left corner of the top side is on the graph of the curve. The rectangles are labeled as follows from left to right: I, II, III, IV, V, VI.

Question content area bottom

Part 1

The total profit when

180180

members are enrolled is approximately

​$enter your response here.

​(Round to the nearest cent as​ needed.)

Solution

To approximate the total profit when x=180x = 180, we compute the sum:

i=16P(xi)Δx\sum_{i=1}^6 P'(x_i) \Delta x

where:

  • Δx=30\Delta x = 30,
  • xix_i are the xx-values corresponding to the left-hand endpoints of the intervals,
  • P(x)=0.0007x3+0.23x2+45.4xP'(x) = -0.0007x^3 + 0.23x^2 + 45.4x is the marginal profit.

Step 1: Compute the xix_i values

The xix_i values correspond to the left endpoints of intervals of width Δx=30\Delta x = 30, starting from 0 up to 150: x1=0,x2=30,x3=60,x4=90,x5=120,x6=150x_1 = 0, \quad x_2 = 30, \quad x_3 = 60, \quad x_4 = 90, \quad x_5 = 120, \quad x_6 = 150

Step 2: Compute P(xi)P'(x_i) for each xix_i

Substitute each xix_i into P(x)=0.0007x3+0.23x2+45.4xP'(x) = -0.0007x^3 + 0.23x^2 + 45.4x.

  1. P(x1)=P(0)=0.0007(0)3+0.23(0)2+45.4(0)=0P'(x_1) = P'(0) = -0.0007(0)^3 + 0.23(0)^2 + 45.4(0) = 0
  2. P(x2)=P(30)=0.0007(30)3+0.23(30)2+45.4(30)P'(x_2) = P'(30) = -0.0007(30)^3 + 0.23(30)^2 + 45.4(30) P(30)=0.0007(27,000)+0.23(900)+45.4(30)=18.9+207+1,362=1,550.1centsP'(30) = -0.0007(27,000) + 0.23(900) + 45.4(30) = -18.9 + 207 + 1,362 = 1,550.1 \, \text{cents}
  3. P(x3)=P(60)=0.0007(60)3+0.23(60)2+45.4(60)P'(x_3) = P'(60) = -0.0007(60)^3 + 0.23(60)^2 + 45.4(60) P(60)=0.0007(216,000)+0.23(3,600)+45.4(60)=151.2+828+2,724=3,400.8centsP'(60) = -0.0007(216,000) + 0.23(3,600) + 45.4(60) = -151.2 + 828 + 2,724 = 3,400.8 \, \text{cents}
  4. P(x4)=P(90)=0.0007(90)3+0.23(90)2+45.4(90)P'(x_4) = P'(90) = -0.0007(90)^3 + 0.23(90)^2 + 45.4(90) P(90)=0.0007(729,000)+0.23(8,100)+45.4(90)=510.3+1,863+4,086=5,438.7centsP'(90) = -0.0007(729,000) + 0.23(8,100) + 45.4(90) = -510.3 + 1,863 + 4,086 = 5,438.7 \, \text{cents}
  5. P(x5)=P(120)=0.0007(120)3+0.23(120)2+45.4(120)P'(x_5) = P'(120) = -0.0007(120)^3 + 0.23(120)^2 + 45.4(120) P(120)=0.0007(1,728,000)+0.23(14,400)+45.4(120)=1,209.6+3,312+5,448=7,550.4centsP'(120) = -0.0007(1,728,000) + 0.23(14,400) + 45.4(120) = -1,209.6 + 3,312 + 5,448 = 7,550.4 \, \text{cents}
  6. P(x6)=P(150)=0.0007(150)3+0.23(150)2+45.4(150)P'(x_6) = P'(150) = -0.0007(150)^3 + 0.23(150)^2 + 45.4(150) P(150)=0.0007(3,375,000)+0.23(22,500)+45.4(150)=2,362.5+5,175+6,810=9,622.5centsP'(150) = -0.0007(3,375,000) + 0.23(22,500) + 45.4(150) = -2,362.5 + 5,175 + 6,810 = 9,622.5 \, \text{cents}

Step 3: Compute the total profit approximation

The total profit is given by: Profit=Δxi=16P(xi)\text{Profit} = \Delta x \sum_{i=1}^6 P'(x_i) Substituting the computed values: Profit=30(0+1,550.1+3,400.8+5,438.7+7,550.4+9,622.5)\text{Profit} = 30 \cdot (0 + 1,550.1 + 3,400.8 + 5,438.7 + 7,550.4 + 9,622.5) Profit=3027,562.5=826,875cents\text{Profit} = 30 \cdot 27,562.5 = 826,875 \, \text{cents}

Convert to dollars: Profit=826,875100=8,268.75dollars\text{Profit} = \frac{826,875}{100} = 8,268.75 \, \text{dollars}

Final Answer:

The total profit when 180 members are enrolled is approximately: $8,268.75\boxed{\$8,268.75}

Would you like further details or help with related concepts? Here are five related questions:

  1. How does the marginal profit function change as xx increases?
  2. What is the significance of Δx\Delta x in the computation?
  3. How would the total profit change if the interval width were reduced (e.g., Δx=10\Delta x = 10)?
  4. Can we compute the exact profit using integration instead of summation?
  5. How does the cubic term in P(x)P'(x) affect the overall marginal profit?

Tip: Always double-check calculations with a calculator or software for precision in applied mathematics problems!

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Math Problem Analysis

Mathematical Concepts

Differentiation
Approximation
Summation
Marginal Profit

Formulas

P'(x) = -0.0007x^3 + 0.23x^2 + 45.4x
Total Profit ≈ ΣP'(x_i)Δx

Theorems

Approximating the total profit by summation of marginal profits

Suitable Grade Level

Grades 11-12