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MA_775_DIABLO [31]
3 years ago
7

Suppose that in the market for ice cream the elasticity of supply is equal to 1.50. How would a 10% increase in the price of ice

cream affect the quantity of ice cream supplied?
Mathematics
1 answer:
Dmitriy789 [7]3 years ago
5 0

The quantity will decline by 15%.

<u>Step-by-step explanation:</u>

Elasticity of Demand = % Change in quantity / % Change in price

ð 1.50 = % change in quantity / 10

ð Percentage change in quantity = 15%

Percentage change in quantity shows an inverse relation with respect to the percentage change in price. In this case of ice-cream, a 10% jump in the price will result the quantity to fall by 15%.

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The mean number of hours of flying time for pilots at Continental Airlines is 49 hours per month. Assume that this mean was base
Effectus [21]

Answer:

a) 17.09 hours

b) The 95% confidence interval estimate of the population mean flying time for the Pilots is between 31.91 hours and 66.09 hours

Step-by-step explanation:

We have the standard deviation of the sample, so we use the t distribution to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 49 - 1 = 48

95% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 48 degrees of freedom(y-axis) and a confidence level of 1 - \frac{1 - 0.95}{2} = 0.975. So we have T = 2.0106

The margin of error is:

M = T*s = 2.0106*8.5 = 17.09

s is the standard deviation of the sample. 17.09 hours is the answer for a.

The lower end of the interval is the sample mean subtracted by M. So it is 49 - 17.09 = 31.91 hours

The upper end of the interval is the sample mean added to M. So it is 49 + 17.09 = 66.09 hours

The 95% confidence interval estimate of the population mean flying time for the Pilots is between 31.91 hours and 66.09 hours

8 0
3 years ago
what is the equation of the line described below written in slope-intercept form? the line passing through point (2,2) and perpe
djverab [1.8K]

Answer:

The equation of line passing through point (2 , 2) and perpendicular to line y = x is  y = - x + 4   .

Step-by-step explanation:

Given as :

The line equation is y = x

Now, equation of line in slope-intercept form y = m x + c

where m is the slope of line and c is y-intercept

Comparing given line equation with standard line equation

The slope of line y = x is m = 1

Again

Other line is passing through point (2 ,2) and is perpendicular to line y = x

Let The slope of other line = M

∵ From perpendicular lines property

Product of slope of lines = - 1

i.e m × M = - 1

Or , M = \dfrac{ - 1}{m}

Or, M = \dfrac{ - 1}{1}

∴  M = - 1

<u>Now, Equation of other line in point-slope form</u>

The other line is passing through point (2 , 2) and slope M = - 1

So, y - y_1 = M × (x - x_1)

Or, y - 2 = - 1 × ( x - 2 )

Or, y - 2 = - x + 2

Or, y = - x + 2 + 2

Or, y = - x + 4

Hence, The equation of line passing through point (2 , 2) and perpendicular to line y = x is  y = - x + 4   . Answer

5 0
4 years ago
Marisol is making a rectangular wooden frame. She wants the length of the frame to be no more than 12 inches. She has less than
evablogger [386]
<span>l ≤ 12
2l + 2w < 30 
the second and fourth option are saying she can make the length longer than twelve and the third option forgets to double the length and width so it is accurate. The first option is the right answer.</span>
6 0
3 years ago
600 second is how many min
horsena [70]
There is 60 seconds in 1 minute

600/60 = 10

10 minutes is your answer

hope this helps
4 0
3 years ago
Read 2 more answers
Write a decimal that is 1/10 of 0.9
Mkey [24]

The <em>correct answer</em> is:

0.09

Explanation:

First off, we can write 0.9 as a fraction. Reading this, we would say "nine tenths"; this means the number in fraction form is 9/10.

The word "of" in mathematics means we multiply. Thus when we take 1/10 "of" 9/10, we multiply the two:

1/10(9/10)

To multiply fractions, multiply the numerators and multiply the denominators:

1/10(9/10) = (1*9)/(10*10) = 9/100

Converting this back to a decimal, we read 9/100 as "nine one-hundredths"; this means decimal form is 0.09.

6 0
3 years ago
Read 2 more answers
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