<span>The number of dollars collected can be modelled by both a linear model and an exponential model.
To calculate the number of dollars to be calculated on the 6th day based on a linear model, we recall that the formula for the equation of a line is given by (y - y1) / (x - x1) = (y2 - y1) / (x2 - x1), where (x1, y1) = (1, 2) and (x2, y2) = (3, 8)
The equation of the line representing the model = (y - 2) / (x - 1) = (8 - 2) / (3 - 1) = 6 / 2 = 3
y - 2 = 3(x - 1) = 3x - 3
y = 3x - 3 + 2 = 3x - 1
Therefore, the amount of dollars to be collected on the 6th day based on the linear model is given by y = 3(6) - 1 = 18 - 1 = $17
To calculate the number of dollars to be calculated on the 6th day based on an exponential model, we recall that the formula for exponential growth is given by y = ar^(x-1), where y is the number of dollars collected and x represent each collection day and a is the amount collected on the first day = $2.
8 = 2r^(3 - 1) = 2r^2
r^2 = 8/2 = 4
r = sqrt(4) = 2
Therefore, the amount of dollars to be collected on the 6th day based on the exponential model is given by y = 2(2)^(5 - 1) = 2(2)^4 = 2(16) = $32</span>
Answer:
Read step by step explanation
Step-by-step explanation:
The owner already knows that the limit for the average time delivered pizzas is 38 minutes. So we conclude
1.-The resulting mean from sample data ( x ) ( 27 customers) need to be smaller than 38 minutes, any value of sample above 38 minutes means more time for the delivery action and will indicate a failure for the future project
2.-As sample size is smaller than 30 the test has to be t-student one tail test to the left
Test hypothesis
Null hypothesis H₀ x = 38
Alternative hypothesis Hₐ x < 38
We should test at a significance level α = 0,05 (α = 5%)
If the result of the test is to accept H₀ delivery project won´t be implemented, if on the other hand, H₀ is rejected then in the condition of the alternative hypothesis we accept Hₐ the sample indicates that we have a smaller average time than 38 minutes.
<span>50b 50=11b 95 collect the like terms
50b-11b=95-50
39b=45 divide both sides by 39
b=1.2</span>
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
step 1
Find the rate of interest
in this problem we have
substitute in the formula above and solve for r
The rate of interest is 
step 2
Find the sum of money that will amount to 25,500 in 5 years, at the same rate of interest
in this part we have
substitute in the formula above and solve for P
Answer:
We divide both sides by 100000 and we got:
Now we can apply natural logs on both sides;
And then the value of t would be:
And rounded to the nearest tenth would be 9.2 years.
Step-by-step explanation:
For this case since we know that the interest is compounded continuously, then we can use the following formula:
Where A is the future value, P the present value , r the rate of interest in fraction and t the number of years.
For this case we know that P = 100000 and r =0.12 we want to triplicate this amount and that means 
and we want to find the value for t.
We divide both sides by 100000 and we got:
Now we can apply natural logs on both sides;
And then the value of t would be:
And rounded to the nearest tenth would be 9.2 years.
