The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
Learn more about equilibrium point here : brainly.com/question/1915798
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(a) From the histogram, you can see that there are 2 students with scores between 50 and 60; 3 between 60 and 70; 7 between 70 and 80; 9 between 80 and 90; and 1 between 90 and 100. So there are a total of 2 + 3 + 7 + 9 + 1 = 22 students.
(b) This is entirely up to whoever constructed the histogram to begin with... It's ambiguous as to which of the groups contains students with a score of exactly 60 - are they placed in the 50-60 group, or in the 60-70 group?
On the other hand, if a student gets a score of 100, then they would certainly be put in the 90-100 group. So for the sake of consistency, you should probably assume that the groups are assigned as follows:
50 ≤ score ≤ 60 ==> 50-60
60 < score ≤ 70 ==> 60-70
70 < score ≤ 80 ==> 70-80
80 < score ≤ 90 ==> 80-90
90 < score ≤ 100 ==> 90-100
Then a student who scored a 60 should be added to the 50-60 category.
−5−4.25⋅−7.4
Writing this to meet 20 character requirement
Answer:
y = 6x - 2
Step-by-step explanation:
slope intercept form is y = mx + b
m = slope
b = y-intercept
They give us the slope (m) which is 6 and the y-intercept (b) which is -2. PLug it into the equation
y = mx + b
y = 6x - 2
