Answer:
Yes
Step-by-step explanation:
Answer:
<em>The company needs to sell 40 desks to break even</em>
Step-by-step explanation:
<u>Application of Equations</u>
There is virtually no limit to the possible situations where equations can help to find the solution of specific problems related to areas like economy, where one could need to establish some important indicators about the business.
B. The fixed cost for Abstract Office Supplies to sell a new computer desk is $14,000. Each desk will cost $150 to produce. The cost function to produce X desks is
C(x)=150x+14,000
A. The revenue for each desk is estimated at $500, for X desks will be
R(x)=500x
C. The company will break even when the cost and the revenue are the same. We'll find how many desks need to be sold for that to happen. We equate
C(x)=R(x)
Or equivalently
150x+14,000=500x
Rearranging
500x-150x=14,000
350x=14,000
Solving for x
x=14,000/350= 40
The company needs to sell 40 desks to break even
The level of measurement of each given variable are:
1. Ordinal
2. Nominal
3. Ratio
4. Interval
5. Ordinal
6. Nominal
7. Ratio
8. Interval
Level of measurement is used in assigning measurement to variables depending on their attributes.
There are basically four (4) levels of measurement (see image in the attachment):
1. <u>Nominal:</u> Here, values are assigned to variables just for naming and identification sake. It is also used for categorization.
- Examples of variables that fall under the measurement are: Favorite movie, Eye Color.
<u>2. Ordinal:</u> This level of measurement show difference between variables and the direction of the difference. In order words, it shows magnitude or rank among variables.
- Examples of such variables that fall under this are: highest degree conferred, birth order among siblings in a family.
<u>3. Interval Scale:</u> this third level of measurement shows magnitude, a known equal difference between variables can be ascertain. However, this type of measurement has <em>no true zero</em> point.
- Examples of the variables that fall here include: Monthly temperatures, year of birth of college students
4. Ratio Scale: This scale of measurement has a "true zero". It also has every property of the interval scale.
- Examples are: ages of children, volume of water used.
Therefore, the level of measurement of each given variable are:
1. Ordinal
2. Nominal
3. Ratio
4. Interval
5. Ordinal
6. Nominal
7. Ratio
8. Interval
Learn more about level of measurement here:
brainly.com/question/20816026