Answer:
Option 1
Figure Length (feet) Width (feet)
small rectangle 14 6
large rectangle 20 7
Figure Base (feet) Height (feet)
triangle 6 6
Option 2
Figure Length (feet) Width (feet)
small rectangle 6 7
large rectangle 14 13
Figure Base (feet) Height (feet)
triangle 6 6
Step-by-step explanation:
Let's call our estimate x. It will be the average of n IQ scores. Our average won't usually exactly equal the mean 97. But if we repeated averages over different sets of tests, the mean of our estimate the average would be the same as the mean of a single test,
μ = 97
Variances add, so the standard deviations add in quadrature, like the Pythagorean Theorem in n dimensions. This means the standard deviation of the average x is
σ = 17/√n
We want to be 95% certain
97 - 5 ≤ x ≤ 97 + 5
By the 68-95-99.7 rule, 95% certain means within two standard deviations. That means we're 95% sure that
μ - 2σ ≤ x ≤ μ + 2σ
Comparing to what we want, that's means we have to solve
2σ = 5
2 (17/√n) = 5
√n = 2 (17/5)
n = (34/5)² = 46.24
We better round up.
Answer: We need a sample size of 47 to be 95% certain of being within 5 points of the mean
We are to solve for the price per unit. Let "x" be the price per unit.
The given values are the following:
Variable Cost = 1250,000 *x
Fixed Cost = $780,000
Net Profit = $650,000
Variable cost per unit = $19.85
The solution is shown below:
$650,000 = 1,250,000*x - $780,000 - $1,250,000*$19.85
x = $26, 242, 500 / 1,250,000 units
x = $20.994
The price per unit is $20.99 and the answer is letter "D".
