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PtichkaEL [24]
3 years ago
6

You buy some beads and string from a student on campus to make a bracelet for yourself. You valued the materials at $11 but were

charged only $8. Unknown to you, the seller would have sold them for $5. After you make the bracelet, you like it more than the original materials used to make it. You value the bracelet at $16. One day, a random stranger (who values your bracelet at $26) compliments the bracelet and offers you $20 for it, and you decide to sell it to the
stranger What is the total surplus generated from the original purchase of beads and string combined with the sale of the bracelet to the


stranger?




Total surplus - $
Mathematics
1 answer:
Mumz [18]3 years ago
5 0

Answer: the surplus is 12$

Step-by-step explanation:

You only need to calculate what you bought it for and what you sold it for

You bought the materials for eight dollars and sold the materials/bracelet for 20, 20-8 means you have a surplus of 12 dollars

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Hey there!

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Answer:

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3 years ago
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Marysya12 [62]
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3 years ago
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The 2010 General Social Survey reported a sample where about 48% of US residents thought marijuana should be made legal. If we w
Sati [7]

Answer:

The sample size is  n  = 600

Step-by-step explanation:

From the question we are told that

    The  sample proportion is  \r  p = 0.48

     The  margin of error is  MOE  =  0.04

Given that the confidence level is 95%  the level of significance is mathematically represented as

        \alpha  =  100 - 95

        \alpha  =  5 \%

        \alpha  =  0.05

Next  we obtain the critical value of  \frac{\alpha }{2} from the normal distribution table , the values is

                   Z_{\frac{\alpha }{2}  } =  1.96

The reason we are obtaining critical value of    \frac{\alpha }{2} instead of    \alpha is because  

\alpha represents the area under the normal curve where the confidence level interval (  1-\alpha) did not cover which include both the left and right tail while  

\frac{\alpha }{2} is just the area of one tail which what we required to calculate the margin of error

Generally the margin of error is mathematically represented as

      MOE  =  Z_{\frac{\alpha }{2} } *  \sqrt{ \frac{\r p(1-  \r p )}{n} }

substituting values

          0.04= 1.96*  \sqrt{ \frac{0.48(1-  0.48 )}{n} }

         0.02041 = \sqrt{ \frac{0.48(52 )}{n} }

         0.02041 = \sqrt{ \frac{ 0.2496}{n} }

          0.02041^2  = \frac{ 0.2496}{n}

           0.0004166 = \frac{ 0.2496}{n}

=>       n  = 600

   

5 0
3 years ago
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Volgvan

Answer:

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Step-by-step explanation:

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Subtract the 12 from both sides and you'll get:

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