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hyperbolic models/functions

Guest mcyi2mr3
Guest mcyi2mr3
in Applied Mathematics

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In a particular retail store the average price of a typical two-seater sofa

has been £200 and average sales were 1000 per year. This year the store has

run a half price sale on such sofas and found that sales increased by 50%.

 

Question: Find a hyperbolic model for demand in terms of price.

Hey, there was a guy asking the same question in the statistics group. Why not go ask if he got an answer?

 

Science Forums » Mathematics » Statistics » a question of hyperbolic models

  • 1 month later...

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