Minimum is 40
First quartile is 43
Median is 61
Third quartile is 65
Maximum is 97
Answer:
x = -2 and y = 1
Step-by-step explanation:
for details see image
Explanation:
For the purpose of filling in the table, the BINOMPDF function is more appropriate. The table is asking for p(x)--not p(n≤x), which is what the CDF function gives you.
If you want to use the binomcdf function, the lower and upper limits should probably be the same: 0,0 or 1,1 or 2,2 and so on up to 5,5.
The binomcdf function on my TI-84 calculator only has the upper limit, so I would need to subtract the previous value to find the table entry for p(x).
we are given:
Selling price=$40.00
Fixed cost=$72000.00
Cost per piece=$32.00
Let x products be sold to break-even then
