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mote1985 [20]
3 years ago
14

The quantity demanded x for a product is inversely proportional to the cube of the price p for p > 1. When the price is $10 p

er unit, the quantity demanded is 64 units. The initial cost is $150 and the cost per unit is $2. What price will yield a maximum profit?

Mathematics
1 answer:
LenaWriter [7]3 years ago
7 0
Q(p) = k/p^3 . . . . . . . . we want to find k
q(10) = k/10^3 = 64
k = 64,000

Revenue = q(p)*p = 64000/p^2
Cost = 150 +2q = 150 +2*64000/p^3

Profit = Revenue -Cost = 64000/p^2(1 -2/p) -150

Differentiating to find the maximum profit, we have
.. dProfit/dp = -2(64000/p^3) +6(64000/p^4) = 0
.. -1 +3/p = 0
.. p = 3

A price of $3 per unit will yield a maximum profit.

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Len has 3 strips of construction paper. Each strip is the same size and a different color-red, yellow, and pink. He tapes the st
Helen [10]

Answer:

2/6

Step-by-step explanation:

Each of the rectangle strips are taped together to form a rectangle. Therefore 1 of the third of the rectangle would be red, this means that 1/3 of the rectangle would be red color. The rectangle is then divide into sixths, this can be achieved by dividing each of the taped strip into 2.

Therefore 2 of the sixths rectangle would be red in color, Hence the fraction of the rectangle that would be red is given as 2/6

7 0
2 years ago
fluorescent light factory that manufactures fluorescent lights that have a lifetime that is approximately normally distributed w
EastWind [94]

Answer:

The p-value obtained is greater than the significance level at which the test was performed, hence, we fail to reject the null hypothesis & say that there is enough evidence to conclude that the mean life of the fluorescent lights is 700 hours

Step-by-step explanation:

Complete Question

fluorescent light factory that manufactures fluorescent lights that have a lifetime that is approximately normally distributed with a mean of 700 hours and a standard deviation of 45 hours. Test the hypothesis that mean is 700 hours against the alternative hypothesis that the mean is not equal to 700 hours, if a random sample of 30 bulbs has an average life of 688 hours. Use a P-value in your answer.

Solution

For hypothesis testing, the first thing to define is the null and alternative hypothesis.

The null hypothesis plays the devil's advocate and usually takes the form of the opposite of the theory to be tested. It usually contains the signs =, ≤ and ≥ depending on the directions of the test.

While, the alternative hypothesis usually confirms the the theory being tested by the experimental setup. It usually contains the signs ≠, < and > depending on the directions of the test.

For this question, the null hypothesis is that the mean life of the fluorescent lights is 700 hours.

The alternative hypothesis will now be that the mean life of the fluorescent lights is significantly different from 700 hours.

Mathematically,

The null hypothesis is represented as

H₀: μ = 700

The alternative hypothesis is represented as

Hₐ: μ ≠ 700

To do this test, we will use the z-distribution because no information on the population standard deviation is known

So, we compute the z-test statistic

z = (x - μ₀)/σₓ

x = sample mean = 688 hours

μ₀ = 700 hours

σₓ = standard error = (σ/√n)

σ = standard deviation = 45 hours

n = Sample size = 30

σₓ = (45/√30) = 8.2158383626 = 8.216

z = (688 - 700) ÷ 8.216

z = 1.46

checking the tables for the p-value of this z-statistic

Significance level = 0.05 (This is used when significance level isn't given)

The hypothesis test uses a two-tailed condition because we're testing in two directions.

p-value (for z = 1.46, at 0.05 significance level, with a two tailed condition) = 0.14429

The interpretation of p-values is that

When the (p-value > significance level), we fail to reject the null hypothesis and when the (p-value < significance level), we reject the null hypothesis and accept the alternative hypothesis.

So, for this question, significance level = 0.05

p-value = 0.14429

0.14429 > 0.05

Hence,

p-value > significance level

This means that we fail to reject the null hypothesis & say that there is enough evidence to conclude that the mean life of the fluorescent lights is 700 hours.

Hope this Helps!!

6 0
3 years ago
Solve the Inequality for x<br> x/2+3/2&lt;5/2
charle [14.2K]

Answer:

x<2

Step-by-step explanation:

I didnt feel like typing it out but the explanation is in the picture hope this helps :)

7 0
2 years ago
Jalil and Victoria are each asked to solve the equation ax – c = bx + d for x. Jalil says it is not possible to isolate x becaus
Iteru [2.4K]
<span>solve the equation ax – c = bx + d for x:

1) Group the x terms together on the left:     ax - bx - c = d

2) Group the constant terms together:          ax - bx = c + d

3) factor out x:                                             x(a - b) = c + d

4) Divide both sides of the equation by (a - b) to obtain a formula for x:
                                                       c+d
</span>           x(a - b) = c + d   =>    x = ---------
                                                       a-b

This shows that the given equation CAN be solved for x, but there is a restriction:  a must NOT equal b, because if a-b = 0, we'd have division by zero (which is not defined).

Where is Victoria's solution?  Please share it if you want to discuss this problem further.  Thank you.

8 0
2 years ago
Read 2 more answers
100/225 square feet of your bakery will be used as your storefront, where customers come to visit. the rest will be for storage
Angelina_Jolie [31]
Okay, so the answer is 5/9. “Someone” was correct. The subtracting of 100 from 225 came from the 100 already being used out of that 225. If you subtract that, you’re left with how much space left. Place those back into the fraction and simplify and you get our answer.
5 0
3 years ago
Read 2 more answers
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