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3 years ago

How could a monopoly directly affect the amount of goods and services that you purchase?

2 answers:

8 0

a monopoly directly affect the amount of goods and services that you purchase non-price competition A monopoly's potential to raise prices indefinitely is its most critical detriment to consumers. Because it has no industry competition, a monopoly's price is the market price and demand is market demand. Even at high prices, customers will not be able to substitute the good or service with a more affordable alternative. Hope this helps ^-^

nlexa [21]3 years ago

7 0

Answer:

ggtt

Step-by-step explanation:

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In October of 2012, Apple introduced a much smaller variant of the Apple iPad, known at the iPad Mini. Weighing less than 11 oun

sveticcg [70]

Answer:

a. $f_X(x) = \dfrac{1}{3.5}8.5$

b. the probability that the battery life for an iPad Mini will be 10 hours or less is 0.4286 which is about 42.86%

c. the probability that the battery life for an iPad Mini will be at least 11 hours is 0.2857 which is about 28.57 %

d. the probability that the battery life for an iPad Mini will be between 9.5 and 11.5 hours is 0.5714 which is about 57.14%

e. 86 should have a battery life of at least 9 hours

Step-by-step explanation:

From the given information;

Let X represent the continuous random variable with uniform distribution U (A, B) . Therefore the probability density function can now be determined as :

$f_X(x) = \dfrac{1}{B-A}A$

where A and B are the two parameters of the uniform distribution

From the question;

Assume that battery life of the iPad Mini is uniformly distributed between 8.5 and 12 hours

So; Let A = 8,5 and B = 12

Therefore; the mathematical expression for the probability density function of battery life is :

$f_X(x) = \dfrac{1}{12-8.5}8.5$

$f_X(x) = \dfrac{1}{3.5}8.5$

b. What is the probability that the battery life for an iPad Mini will be 10 hours or less (to 4 decimals)?

The probability that the battery life for an iPad Mini will be 10 hours or less can be calculated as:

F(x) = P(X ≤x)

$F(x) = \dfrac{x-A}{B-A}$

$F(10) = \dfrac{10-8.5}{12-8.5}$

F(10) = 0.4286

the probability that the battery life for an iPad Mini will be 10 hours or less is 0.4286 which is about 42.86%

c. What is the probability that the battery life for an iPad Mini will be at least 11 hours (to 4 decimals)?

The battery life for an iPad Mini will be at least 11 hours is calculated as follows:

$P(X\geq11) = \int\limits^{12}_{11} {\dfrac{1}{3.5}} \, dx$

$P(X\geq11) = {\dfrac{1}{3.5}} (x)^{12}_{11}$

$P(X\geq11) = {\dfrac{1}{3.5}} (12-11)$

$P(X\geq11) = {\dfrac{1}{3.5}} (1)$

$P(X\geq11) = 0.2857$

the probability that the battery life for an iPad Mini will be at least 11 hours is 0.2857 which is about 28.57 %

d. What is the probability that the battery life for an iPad Mini will be between 9.5 and 11.5 hours (to 4 decimals)?

$P(9.5 \leq X\leq11.5) =\int\limits^{11.5}_{9.5} {\dfrac{1}{3.5}} \, dx$

$P(9.5 \leq X\leq11.5) ={\dfrac{1}{3.5}} \, (x)^{11.5}_{9.5}$

$P(9.5 \leq X\leq11.5) ={\dfrac{1}{3.5}} (11.5-9.5)$

$P(9.5 \leq X\leq11.5) ={\dfrac{1}{3.5}} (2)$

$P(9.5 \leq X\leq11.5) =0.2857* (2)$

$P(9.5 \leq X\leq11.5) =0.5714$

Hence; the probability that the battery life for an iPad Mini will be between 9.5 and 11.5 hours is 0.5714 which is about 57.14%

e. In a shipment of 100 iPad Minis, how many should have a battery life of at least 9 hours (to nearest whole value)?

The probability that battery life of at least 9 hours is calculated as:

$P(X \geq 9) = \int\limits^{12}_{9} {\dfrac{1}{3.5}} \, dx$

$P(X \geq 9) = {\dfrac{1}{3.5}}(x)^{12}_{9}$

$P(X \geq 9) = {\dfrac{1}{3.5}}(12-9)$

$P(X \geq 9) = {\dfrac{1}{3.5}}(3)$

$P(X \geq 9) = 0.2857*}(3)$

$P(X \geq 9) = 0.8571$

NOW; The Number of iPad that should have a battery life of at least 9 hours is calculated as:

n = 100(0.8571)

n = 85.71

n ≅ 86

Thus , 86 should have a battery life of at least 9 hours

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