standard_description: Define a random variable for a quantity of interest by assigning a numerical value to each event in a sample space; graph the corresponding probability distribution using the same graphical displays as for data distributions.
problem_activity: Task
The profit, $P$ (in thousands of dollars), that a company makes selling an item is a quadratic function of the price, $x$ (in dollars), that they charge for the item. The following expressions for $P(x)$ are equivalent:
$$\begin{align}P(x)=&-2x^2+24x-54\\
P(x)=&-2(x-3)(x-9)\\
P(x)=&-2(x-6)^2+18
\end{align}$$
Which of the equivalent expressions for $P(x)$ reveals the price which gives a profit of zero without changing the form of the expression?
P(x)= -2x$^2$+24x-54
P(x)= -2(x-3)(x-9)
P(x)= -2(x-6)$^2$+18
Find a price which gives a profit of zero.
Which of the equivalent expressions for $P(x)$ reveals the profit when the price is zero without changing the form of the expression?
P(x)= -2x$^2$+24x-54
P(x)= -2(x-3)(x-9)
P(x)= -2(x-6)$^2$+18
Find the profit when the price is zero.
Which of the equivalent expressions for $P(x)$ reveals the price which produces the highest possible profit without changing the form of the expression?
P(x)= -2x$^2$+24x-54
P(x)= -2(x-3)(x-9)
P(x)= -2(x-6)$^2$+18
Find the price which gives the highest possible profit.
For each of parts (a), (c), and (e), students choose which form of the function is displayed, and then use that to answer the corresponding questions in parts (b), (d), and (f) respectively.  Students are assessed both on selecting the correct form of the function and on their numerical answer for each part.


aligns: no