62.71 would be the answer
Answer:
A. We have extremely strong evidence to reject H0.
Step-by-step explanation:
Let P be the proportion of non-retirees in 2015 who did not think that Social Security would be able to pay a retirement benefit by the time that they retire.
According to the data null and alternative hypotheses should be:
: P=0.60
: P<0.60
Test statistics is -4.29 and p-value of the statistics is p<0.001
At every significance levels higher than 0.001, we can reject the null hypothesis since p<0.001.
Answer: R(x) = 0.25x + 500
Flat fee is computed by:
The sales price of each tile is 0.25 and the customer only bought 10,000 tiles.
So, $0.25 x 10,000 = $2500
So the total sales price per tile sold was $2,500.
The buyer paid $3,000, so the flat fee was included there.
So, $3,000 - $2,500 = $500
So the flat fee was $500.
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The revenue function is the total income from producing the units. And it has a equation of: R(x) = price per unit x number of units sold plus any fee that is included
So the function describing the revenue of the tile from this sale is:
R(x) = 0.25x + 500
5 inches = 5/12 = 0.4166 feet
23 x 18 x 0.4166 = 172.5 cubic feet
1 cubic foot = 0.037037 cubic yards
172.5 x 0.037037 = 6.39 round up to 6.5 cubic yards
