Answer:
The indifference point is 100 minutes.
Step-by-step explanation:
Giving the following information:
Plan a cost $23 plus an additional $.08 for each minute of calls.
Plan B cost $19 an additional $.12 for each minute of calls.
<u>First, we need to establish the total cost formula for each plan:</u>
Plan A= 23 + 0.08*x
Plan B= 19 + 0.12*x
x= number of minutes
<u>Now, to calculate the indifference point, we equal both formulas and isolate x:</u>
23 + 0.08x = 19 + 0.12x
4 = 0.04x
100= x
The indifference point is 100 minutes.
<u>Prove:</u>
Plan A= 23 + 0.08*100= $31
Plan B= 19 + 0.12*100= $31
Answer:
. . . . . . . . . . . . .Loading answer. . . . . . . . .
Step-by-step explanation:
Answer:
z=-1.591
Step-by-step explanation:
Null Hypotheses,

So we use z-test for one population proportion (right-tailed test)
According to this informaton, we defined that

(critical value)
So our Rejection region is 

Not rejection.
The true statement is the correlation is most likely due to a lurking variable.
<h3>What is negative correlation?</h3>
Correlation is a statistical measure used to measure the relationship that exists between two variables. Negative correlation is when there is an inverse relationship between the two variables. If one variable increases, the other variable decreases.
Assume that the store is located near a school where the students live on an allowance. So, students do not have time to buy both computers and microwaves. When students buy computers they do not have enough money to buy microwaves. This explains the negative correlation.
To learn more about negative correlation, please check: brainly.com/question/27246345
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