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natta225 [31]
3 years ago
8

Given the cost function, C(x), and the revenue function, R(x), find the number of units x that must be sold to break even C(x)=1

6x+36,000 and R(x)=18x
Mathematics
1 answer:
natka813 [3]3 years ago
8 0
Consider these specific values of x.

For example, if x=10, then <span>C(10)=16(10)+36,000=160+36,000=36,160 (say $)

 and R(10)=18*10=180.


So if only 10 units are produced, the total cost is 36,160, while the revenue is only 180 (again, say $.)



If, for example, x=1000, then we can calculate 

</span><span>C(1000)=16*1000+36,000=16,000+36,000=52,000

and 

R(1000)=18*1000=18,000.


This suggests that with higher values of x, we can get to a particular point where the Cost and Revenue are the same. To find this point, we set the equation:
                            C(x)=R(x), 

which gives us that particular x at which both </span>C(x) and R(x) give the same value.

Thus, we solve <span>16x+36,000=18x. Subtracting 16x from both sides                                                         2x=36,000,   then x = 36,000/2=18,000.


 
Answer: 18,000

</span>
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Modern medical practice tells us not to encourage babies to become too fat. Is there a positive correlation between the weight x
Anna11 [10]

Answer:

a) Figure attached

b) y=1.31 x +98.57

c) The correlation coefficient would be r =0.47719

d) y=1.31 x +98.57=1.31*21 + 98.57 =126.08

Step-by-step explanation:

(a) Draw a scatter diagram for the data.

See the figure attached

(b) Find x, y, b, and the equation of the least-squares line. (Round your answers to three decimal places.) x =__ y =__ b =__ y =__ + __x

m=\frac{S_{xy}}{S_{xx}}

Where:

S_{xy}=\sum_{i=1}^n x_i y_i -\frac{(\sum_{i=1}^n x_i)(\sum_{i=1}^n y_i)}{n}

S_{xx}=\sum_{i=1}^n x^2_i -\frac{(\sum_{i=1}^n x_i)^2}{n}

With these we can find the sums:

S_{xx}=\sum_{i=1}^n x^2_i -\frac{(\sum_{i=1}^n x_i)^2}{n}=6576-\frac{300^2}{14}=147.429

S_{xy}=\sum_{i=1}^n x_i y_i -\frac{(\sum_{i=1}^n x_i)(\sum_{i=1}^n y_i){n}}=38186-\frac{300*1773}{14}=193.143

And the slope would be:

m=\frac{193.143}{147.429}=1.31

Nowe we can find the means for x and y like this:

\bar x= \frac{\sum x_i}{n}=\frac{300}{14}=21.429

\bar y= \frac{\sum y_i}{n}=\frac{1773}{14}=126.643

And we can find the intercept using this:

b=\bar y -m \bar x=126.643-(1.31*21.429)=98.571

So the line would be given by:

y=1.31 x +98.57

(c) Find the sample correlation coefficient r and the coefficient of determination r?2. (Round your answers to three decimal places.)

n=14 \sum x = 300, \sum y = 1773, \sum xy=38186, \sum x^2 =6576, \sum y^2 =225649  

And in order to calculate the correlation coefficient we can use this formula:

r=\frac{n(\sum xy)-(\sum x)(\sum y)}{\sqrt{[n\sum x^2 -(\sum x)^2][n\sum y^2 -(\sum y)^2]}}

r=\frac{14(38186)-(300)(1773)}{\sqrt{[14(6576) -(300)^2][14(225649) -(1773)^2]}}=0.9534

So then the correlation coefficient would be r =0.47719

What percentage of variation in y is explained by the least-squares model? (Round your answer to one decimal place.)

The % of variation is given by the determination coefficient given by r^2 and on this case 0.47719^2 =0.2277, so then the % of variation explaines is 22.8%.

(d) If a female baby weighs 21 pounds at 1 year, what do you predict she will weigh at 30 years of age? (Round your answer to two decimal places.) ___ lb

So we can replace in the linear model like this:

y=1.31 x +98.57=1.31*21 + 98.57 =126.08

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