Answer:p = (2100 - x)/25
Step-by-step explanation:
According to the law of demand, when the price,p of the brand of MP3 players is is high, the quantity,x of the brand of MP3 players demanded would be low and when the price,p of the brand of MP3 players is is low, the quantity,x of the brand of MP3 players demanded would be high.
To derive the demand equation, we would apply the slope intercept form of equation which is expressed as
y = mx + c
Where
m = slope
c = intercept
The slope, m would be
(y2 - y1)/(x2 - x1)
Slope = (1100 - 100)/(40 - 80) = 1000/-40
Slope = - 25
To find the y intercept, we would substitute m = - 25, y = 1100 and x = 40 into y = mx + c. It becomes
1100 = - 25 × 40 + c
1100 = - 1000 + c
c = 1100 + 1000 = 2100
y = - 25x + 2100
Therefore, the demand equation is
x = - 25p + 2100
25p = 2100 - x
p = (2100 - x)/25
Using concepts of <u>sample and population</u>, it is found that the sample variance is representative of 362 and 5530 customers ages, option D.
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In sampling, the <u>information is taken from a sample</u>, and is used to <u>estimate it for the whole population</u>.
- In this problem, we have a sample of 362 and a population of 5530 customers.
- The sample variance
is calculated from the sample, and used as an estimate for the population variance. Thus, it can be said that it represents both 362 and 5530 customers, and the correct option is D.
A similar problem is given at brainly.com/question/4086221
Answer:
Read step by step explanation
Step-by-step explanation:
The owner already knows that the limit for the average time delivered pizzas is 38 minutes. So we conclude
1.-The resulting mean from sample data ( x ) ( 27 customers) need to be smaller than 38 minutes, any value of sample above 38 minutes means more time for the delivery action and will indicate a failure for the future project
2.-As sample size is smaller than 30 the test has to be t-student one tail test to the left
Test hypothesis
Null hypothesis H₀ x = 38
Alternative hypothesis Hₐ x < 38
We should test at a significance level α = 0,05 (α = 5%)
If the result of the test is to accept H₀ delivery project won´t be implemented, if on the other hand, H₀ is rejected then in the condition of the alternative hypothesis we accept Hₐ the sample indicates that we have a smaller average time than 38 minutes.
