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 , we compute the sum:
where:
- ,
- are the -values corresponding to the left-hand endpoints of the intervals,
- is the marginal profit.
Step 1: Compute the values
The values correspond to the left endpoints of intervals of width , starting from 0 up to 150:
Step 2: Compute for each
Substitute each into .
Step 3: Compute the total profit approximation
The total profit is given by: Substituting the computed values:
Convert to dollars:
Final Answer:
The total profit when 180 members are enrolled is approximately:
Would you like further details or help with related concepts? Here are five related questions:
- How does the marginal profit function change as increases?
- What is the significance of in the computation?
- How would the total profit change if the interval width were reduced (e.g., )?
- Can we compute the exact profit using integration instead of summation?
- How does the cubic term in 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
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