Answer:
a) 471.5 kilo-watt hours.
b) 31.76 kilo-watt hours
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean
and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For the population:
Mean 471.5 kilo-watt hours.
Standard deviation of 187.9 kilowatt-hours.
For the sample:
Sample size of 35, by the Central Limit Theorem:
a) Mean
471.5 kilo-watt hours.
b) Standard deviation

31.76 kilo-watt hours
Let the number of reserved tickets = x
Let the number of lawn seats = y
Constraint functions:
Maximum capacity means 
For concert to be held 
means 
Objective functions :
Maximum profit equation p = 65x +40y
Intersection points :
(10000,10000) (20000,0)(2500,2500)(5000,0)
p at (10000,10000) = 65(10000) + 40(10000) = $1050000
p at (20000,0) = 65(20000) + 40(0) = $1300000
p at (2500,2500) = 65(2500) + 40(2500) = $262500
p at (5000,0) = 65(5000) + 40(0) = $325000
Hence maximum profit occurs when all 20000 reserved seats are sold and the profit is $1300000
Please find attached the graph of it.
Answer:
13.30
Step-by-step explanation:
$79.80 / 6 hours = $13.30