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All About Quantitative Reasoning for Business

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Simultaneous equations are a set of equations containing multiple variables. What are two examples of how simultaneous equations are used in business? What are some of the different ways you can satisfy these equations?

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Solution Summary

Simultaneous equations are a set of equations containing multiple variables. What are two examples of how simultaneous equations are used in business? What are some of the different ways you can satisfy these equations?

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The simultaneous equation is also called a system of equations and they have a great deal of use in the business context. We can use a simultaneous equation to form charts and analyses. From this analyses, we can determine how each product from within a certain product line is doing. We use a simultaneous equation to compare how tide, cheer, and gain are all performing if they were made by the same company (I don't really know if they are or not, but ...

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