Please help on this mathematical problem
2 answers:
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Answer:
(a) P(x) = 300 x - 3600
(b) P(340) = $ 98400
(c) At least 12 items must be sold to avoid losing money.
Step-by-step explanation:
Part (a):
The Profit function is the difference between the revenue function (R(x)) and the Cost (C(x)) function:
P(x) = R(x) - C(x)
P(x) = 384 x - [84 x + 3600]
P(x) = 384 x - 84 x - 3600
P(x) = 300 x - 3600
Part (b):
The profit on 340 items is:
P(340) = 300 (340) - 3600
P(340) = 102000 - 3600
P(340) = $ 98400
Part (c):
To avoid losing money, the profit P(x) has to be larger or equal than zero. That is:
P(x) 0
300 x -3600 0
300 x 3600
x 3600/300
x 12
So at least 12 items must be sold to avoid losing money.
Answer:
Because the absolute value of the test statistic is <u>less than</u> the positive critical value, there <u>is not</u> enough evidence to support the claim that there is a linear correlation between the weights of discarded paper and glass for a significance level of α = 0.05.
Step-by-step explanation:
The correlation matrix provided is:
Variables Paper Glass
Paper 1 0.1853
Glass 0.1853 1
Te hypothesis for the test is:
<em>H</em>₀: <em>ρ</em> = 0 vs. <em>H</em>₀: <em>ρ</em> ≠ 0
The test statistic is:
<em>r</em> = 0.1853 ≈ 0.185
As the alternate hypothesis does not specifies the direction of the test, the test is two tailed.
The critical value for the two-tailed test is:
The conclusion is:
Because the absolute value of the test statistic is <u>less than</u> the positive critical value, there <u>is not</u> enough evidence to support the claim that there is a linear correlation between the weights of discarded paper and glass for a significance level of α = 0.05.