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2 answers:
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Answer:
The distribution is skewed, so use the five-number summary. range: 38, median: 16, half of the data are between 9.5 and 25
Step-by-step explanation:
In the picture attached the histogram is shown. We can see that data is skewed to the right, so we have to use the five-number summary. The range of the data is 39 - 1 = 38 (subtraction of the maximum value to the minimum value); the median is (15 + 17)/2 = 16 (if you order the values, 15 and 17 are in the middle); quartile 1 is 9.25 and quartile 3 is 25.5 (see diagram of box and whisker attached), then half of the data are between those values.
Answer:
C(x) = 0.1x+23000
Step-by-step explanation:
Given that a company sells doughnuts. They incur a fixed cost of $23000 for rent, insurance, and other expenses. It costs $0.1 to produce each doughnut. The company sells each doughnut for $0.2.
Let X be the no of units produced
Then we have variable cost = 0.1x
Fixed cost = 23000 (irrespective of value of x)
Total cost
where C represents the total cost and x no of units produced.
Revenue function would be
assuming all doughnuts are sold.
Profit function would be
The area is 35. Look at the sketch below for explanation!
