PLEASE HEL Earl's Biking Company manufactures and sells bikes. Each bike costs $40 to make, and the company's fixed costs are $5000. In addition, Earl
knows that the price of each bike comes from the price function, p(x) =
300 -2x. (x = quantity produced)
Determine:
1. The company's revenue function, R(x). (10%)
R= (quantity) (price)
R=x ( 300-2x)
R = 300x - 2x2 Answer
2. The company's expense function, E(x). (30%)
3. The company's profit function, P(x) (30%)

Asample of 200 rom computer chips was selected on each of 30 consecutive days, and the number of nonconforming chips on each day was as follows: the data has been given so that it can be copied into r as a vector. non. conforming = c(10, 15, 21, 19, 34, 16, 5, 24, 8, 21, 32, 14, 14, 19, 18, 20, 12, 23, 10, 19, 20, 18, 13, 26, 33, 14, 12, 21, 12, 27) #construct a p chart by using the following code. you will need to enter your values for pbar, lcl and ucl. pbar = lcl = ucl = plot(non. conforming/200, ylim = c(0,.5)) abline(h = pbar, lty = 2) abline(h = lcl, lty = 3) abline(h = ucl, lty = 3)