Answer:
What are you solving for?
Step-by-step explanation:
Not enough information is that all of the question?
The estimate of the total sales is $3,055,510.08.
First I created a scatter plot of the data given for yellow golf balls and calculated the linear regression for it. Screenshots are attached.
The regression equation (equation for the line of best fit) was
y = 16488x + 189312, where x represents the year number and y is the total yellow golf balls.
We are concerned with year 4, so we will substitute 4 for x:
y = 16488(4) + 189312 = 255,264
There will be around 255,264 yellow golf balls sold in year 4.
Since the ratio of yellow to white golf balls is 1:5, we can set up a proportion:
1/5 = 255264/x
Cross multiply:
1*x = 5*255264
x = 1,276,320
We expect the company to sell 1,276,320 white golf balls. This makes a total of:
1,276,320 + 255,264 = 1,531,584 total golf balls expected to be sold in year 4.
Since these are sold in boxes of 12, we divide this by 12:
1,531,584/12 = 127,632 boxes expected to be sold
Each box is 23.94:
127632*23.94 = 3,055,510.08
Answer:
This is a theoretical probability
Step-by-step explanation:
<u>Explanation:</u>-
<u>Theoretical probability</u>:-
Theoretical probability is the theory behind probability.To find the probability of an event using theoretical probability,it is not required to conduct an experiment.
The theoretical probability is defined as the ratio of the number of favorable outcomes to the number f possible outcomes.
probability of event(P(E)=
<u>Empirical probability:</u>-
The definition of probability breaks down when do not have a complete priori analysis , that is when the outcomes of the trial are not equally likely or when the total number of trials is infinite or when the enumeration of all equally likely events is not possible.so this is called statistical or empirical definition of probability or experimental probability.
Probability of event P(E) =
The basic difference between these two approaches is that in the experimental approach,the probability of an event is based on what has actually happened by conducting a series of actual experiments and the theoretical approach we attempt predict what will occur without actually performing the experiments.
Given example is equally likely events so this is theoretical probability.