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  1. business
  2. accounting
  3. b. based on figure q2b, calculate the average sell

b. Based on FIGURE Q2b, calculate the average selling price for all companies from 12...

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Accounting

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b. Based on FIGURE Q2b, calculate the average selling price for all companies from 12 pm to 1 pm, if the number of units sold is P, where P is between 150 units to 500 units. Based on your chosen value of P, determine which company would be of your first choice to invest in. Justify your answer. Sales rate (RM/min) 24 22 20 18 16 14 12 10 8 6 4 2 0 0 10 20 30 40 50 60 Time (min) --A------C -D-E FIGURE Q2b [15 marks] C. Suppose that from 2 pm to 3 pm, the rate of sales, R'(t) is given by the formula R'(t) = 2300t +K, where K is an integer between 15 to 20 and t is time in minutes. Calculate the maximum and minimum sales at 2.40 pm [5 marks]

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