Given that for each <span>$2 increase in price, the demand is less and 4 fewer cars are rented.
Let x be the number of $2 increases in price, then the revenue from renting cars is given by

.
Also, given that f</span><span>or each car that is rented, there are routine maintenance costs of $5 per day, then the total cost of renting cars is given by

Profit is given by revenue - cost.
Thus, the profit from renting cars is given by
</span><span>

For maximum profit, the differentiation of the profit function equals zero.
i.e.
</span><span>

The price of renting a car is given by 48 + 2x = 48 + 2(8) = 48 + 16 = 64.
Therefore, the </span><span>rental charge will maximize profit is $64.</span>
Answer:
And rounded up we have that n=656
Step-by-step explanation:
In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 80% of confidence, our significance level would be given by
and
. And the critical value would be given by:
Solution to the problem
The margin of error for the proportion interval is given by this formula:
(a)
Since we don't have prior info for the proportion of interest we can use
as estimator. And on this case we have that
and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
And replacing into equation (b) the values from part a we got:
And rounded up we have that n=656
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A circle is 360°. Since you only have 3 different types of weather, if you split the ° equally, each section would have 120°. The amount of rainy days is 10/30 or exactly 1/3, so 120° are rainy days.
If you do 30 x 12, it equals 360. So that means that each day is 12°. There were 8 cloudy days, so you can do 8 x 12 = 96°