What would happen if you subtracted the equation for x from the equation for 10x?
1 answer:
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Given cost function is
c(x) = (20 ≤ x ≤ 400)
where x is the number of thousands of square feet
total revenue will be $0.2 million dollars per thousand square feet
Revenue is 0.2 millions per thousand square feet. we know x is the number of thousand of square feet
So R(x) = 0.2x
We know Profit = Revenue - Cost
P(x) = R(x) - C(x)
combine like terms
Profit function is
Answer:
It takes less time sending 5 letters the traditional way with a probability of 36.7%.
Step-by-step explanation:
First we must take into account that:
- The traditional method is distributed X ~ Poisson(L = 1)
- The new method is distributed X ~ Poisson(L = 5)
Where L is the intensity in which the events happen in a time unit and x is the number of events.
To solve the problem we must calculate the probability of events (to send 5 letters) in a unit of time for both methods, so:
- For the traditional method:
- For the new method:
According to this calculations we have a higher probability of sending 5 letters with the traditional method in a unit of time, that is 36.7%. Whereas sending 5 letters with the new method is less probable in a unit of time. In other words, we have more events per unit of time with the traditional method.