Answer:
The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
Hope this helps!
Step-by-step explanation:
Answer:
<em>The large sample n = 117.07</em>
Step-by-step explanation:
<u><em>Step(i):-</em></u>
Given that the estimate error (M.E) = 0.08
The proportion (p) = 0.75
q =1-p = 1- 0.75 =0.25
Level of significance = 0.05
Z₀.₀₅ = 1.96≅ 2
<u><em>Step(ii):-</em></u>
The Marginal error is determined by
M.E = 
Cross multiplication , we get
√n = 
squaring on both sides , we get
n = 117.07
<u><em>Final answer:-</em></u>
<em>The large sample n = 117.07</em>
Answer:
$196
Step-by-step explanation:
Lets assume,
cost of a belt = 'x'
cost of a pair of pants = 'y'
Now, According to the question;
- x + y = 490;
- cost of a bag = twice the cost of belt = 2x;
- cost of a pair of pants = twice the cost of bag
⇒ y = 2×2x ⇔ 4x
hence, by subtituting the values in equation' we get;
⇒ x + 4x = 490
⇒ 5x = 490
⇒ x = 98
So, the difference between the cost of the pair of pants and the bag ;
⇒ y - 2x
⇒ 4x - 2x
⇒ 2x = 2×98 = 196.
Answer:
y = 1/3x + 8
Step-by-step explanation:
*perpendicular means the reciprocal slope of the given line
m = 1/3
y = 1/3x + b
*plug in points with the point-slope equation
10 = 1/3(6) + b
10 = 2 + b
b = 8
*now plug everything into the equation
y = 1/3x + 8
