Answer:
An airline claims that the no-show rate for passengers is less than 5%. In a sample of 420 randomly selected reservations, 19 were no-shows. At α=0.01, test the airline's claim. State the sample percentage and round it to three decimal places.
State the hypotheses.
State the critical value(s).
State the test statistics.
State the decision
State the conclusion.
Answer:
Widgets should be sold by $38.88 to maximize the profit.
Step-by-step explanation:
Vertex of a quadratic function:
Suppose we have a quadratic function in the following format:

It's vertex is the point 
In which


Where

If a<0, the vertex is a maximum point, that is, the maximum value happens at
, and it's value is
.
In this question:
The profit is given by:

Which is a quadratic function with 
The maximum profit happens at the x of the vertex. Thus

Widgets should be sold by $38.88 to maximize the profit.
<em>Answer:</em>
<em>2</em><em>5</em><em> </em><em>units</em>
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