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Build a data table to see which price maximizes profit to identify which price maximizes profit....

Build a data table to see which price maximizes profit to identify which price maximizes profit. Present this information graphically in an intuitive format.

Month Price Demand
1 450 45
2 300 103
3 440 49
4 360 86
5 290 125
6 450 52
7 340 87
8 370 68
9 500 45
10 490 44
11 430 58
12 390 68
13 350 84
14 385 72
15 410 67
16 400 62
17 330 92
18 480 53
math   Statistics-And-Probability   
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Answer #1
Month Price Demand Price*Demand
1 450 45 20250
2 300 103 30900
3 440 49 21560
4 360 86 30960
5 290 125 36250
6 450 52 23400
7 340 87 29580
8 370 68 25160
9 500 45 22500
10 490 44 21560
11 430 58 24940
12 390 68 26520
13 350 84 29400
14 385 72 27720
15 410 67 27470
16 400 62 24800
17 330 92 30360
18 480 53 25440

The price 290 maximizes the profit

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