Pete Ross read in a Wall Street Journal article that the cost of parts and labor to make an Apple iPhone 4S were as follows: Display Memory Labor $ 44.00 $ 27.10 $ 5.00 $ 24.36 $ 17.10 $ 81.44 Wireless Camera Additional items Assuming Pete pays $657 for an iPhone 4S, how much profit does the iPhone generate? Profit

A researcher believed that the number of rental cars in service by a car rental company would have an impact on the total annual revenue for that car rental company. Five small car rental companies were surveyed, with the number of Cars in service recorded in units of 1000 (so if a car rental company had 54000 cars in service, a 54 would be recorded) and Annual Revenue measured in millions of dollars (so an Annual Revenue of $10,000,000 would be recorded as 10). The data follows: Cars (1,000s)       Annual Revenue ($ millions)11.5                   118 10.0                   135 9.0                     100 5.5                     37 3.3                     32 Part of the Excel-generated Simple Linear Regression output is provided below: ANOVA   df SS MS F Significance F Regression 1 7891.863897 7891.863897 22.91180151 0.017339231 Residual 3 1033.336103 344.4453677     Total 4 8925.2           Coefficients Standard Error t Stat P-value Intercept -19.12490108 23.1658578…

4. The Metropolitan Company sells its latest product at a unit price of $2. Variable costs are estimated to be 40% of the total revenue, while fixed costs amount to $6,000 per month. How many units should the company sell per month to break even?