Statistics for Business

Assignment Week 6 Instructions:

Read problem 6, Chapter 10, page 336. Based on the Profit Model, which you can find as an Excel file titled "Profit Model" in Week 6, answer the following questions:

1. The assumption is that the best production quantity to maximize average profit is 140 units. Use your analysis skills by looking at the data to determine if you, as a business decision maker, would pursue this. Explain why or why not!
2. What does the decision table suggest? Is this a good investment? Why or why not?

Please provide your answers in a Word document following APA guidelines and submit your work in the designated area in Week 6.