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Example: Suppose a company has a cost function of C(x) = 2x2 + .5x + 150 and

a revenue function of R(x) = -x2 + 57x. Generate a table of values for 0 < x < 30.

I. Use EXCEL to generate function values.

1. Enter Headings in columns A, B, C, D. (X values, Revenue, Cost,)

2. In the first column enter the x values you want to find the revenue and cost for.

a. Enter 0 in A2 and 1 in A3.

b. Highlight A2 and A3.

c. Move the cursor to the bottom left until a plus sign appeals.

d. Hold down the left button and drag the mouse down until a 30 appears.

+

3. In B2 enter the formula + -1*A2^2+57*A2. ( NOTE: The + indicates that

you are going to type in a

4. In C2 enter the formula +2*A2^2 +.5*A2+150. formula, ^ is the symbol for

exponents and * is the

multiplication symbol. )

• Highlight cells B2 and C2 with the mouse.

• Move the mouse to the lower right hand corner of cell C2 untill you

see a small plus sign.

• Then, holding down the left mouse button, drag your mouse down to

the last row.

6. Your table should look like the one below.

1. Highlight the data you want graphed.

3. Click on XY scatter plot.

5. Click on Next and then delete the gridlines, label the axis then click on Finish.

6. If I am just graphing a single function then I turn the legends off.

III. Editing the Graph

• Double click on the x-axis and experiment with Patterns and Scale.

• Patterns gives you different options for the tick marks on the

axis.

1000

Revenue

800 Cost

600

$ 400

200

0

0 5 10 15 20

Quantity

IV. Review

1. Create a table of points. For a nonlinear function you will need a lot of points.

Always create more data then you need.

4. Select type of Graph.

5. Click on Next, turn off gridlines (if you want) and decide if you want a

legend, then click on Finish.

6. Double click on the axis to set the proper scale.

7. To change the colors, double click on what you want to change.

8. Another way to edit the graph is to click on Chart and select Chart

options.

Example: The Borough Municipal Authority of Beaver, PA used the following

function to determine charges for water

C(x) = 1.557x 0 < x < 100

155.70 +1.04(x – 100) 100 < x < 1000

1091.70 + 0.689(x – 1000) x > 1000

Where C(x) is the cost in dollars for x thousand gallons of water.

• Create a table

x 0 < x < 100 100 < x < 1000 x > 1000

0 0

100 155.7 155.7

1000 1091.7 1091.7

2000 1780.7

• Since each piece is a linear function the table only needs to

contain two points for each piece. If a piece was nonlinear then

the table would contain more points.

Example: The following data shows the cost-output relationship for a shoe

chain.

x 4.5 7 9 10 15 20 33 50

of dollars. According to the data, it cost $3,000 to make 4.5 thousand pairs of

shoes. Use Excel to find the best fitting line.

• Enter the data

x y

4.5 3

7 3.3

9 3.4

10 3.5

15 4.5

20 5.5

33 7.5

50 12

• Plot the data

•

•

• Click on Chart

• Click on Trendline

• Check display equation on chart and r squared value on chart.

•

.

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