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Lana71 [14]
3 years ago
6

I want to start a lemonade stand and determine how much lemonade I need to sell to break even each day.

Mathematics
2 answers:
Zarrin [17]3 years ago
5 0
.50x -5=0
Add 5 to both sides
.50x=5
Divide both sides by.5

X =10. You must sell 10 to break even

The slope is .50
The y intercept is -5
blsea [12.9K]3 years ago
3 0

Answer:

Total cost spent on supplies = 5 dollars

Lemonade will be sold at 0.5 dollars.

Let the total glasses of lemonade sold be x

So, revenue generated will be = 0.5x

To get the break even we will equal both.

0.5x=5

x=5/0.5

x = 10

Hence, number of glasses to be sold are 10.

The profit or y can be found as;

y=0.5x-5

So, putting x = 11

y=0.5(11)-5

y = 0.5

Putting x = 12

y=0.5(12)-5

y = 1

Putting x = 13

y=0.5(13)-5

y = 1.5

The slope is 0.5.

The y-intercept is -5. This means if 0 glasses of lemonade are sold then there is a loss of $5.

The y intercept is obtained when x=0.

y=0.5(0)-5

y = -5

The x-intercept is 10 or the number of glasses I must sell to break even.

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Points of inflections are zeroes of the second derivative. We have:

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The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 21 people reveals the mean yearly consum
PIT_PIT [208]

Correct question is;

The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 21 people reveals the mean yearly consumption to be 74 gallons with a standard deviation of 16 gallons.

a. What is the value of the population mean? What is the best estimate of this value?

b. Explain why we need to use the t distribution. What assumption do you need to make?

c. For a 90 percent confidence interval, what is the value of t?

d. Develop the 90 percent confidence interval for the population mean.

e. Would it be reasonable to conclude that the population mean is 68 gallons?

Answer:

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D) 90% confidence interval for the population mean is (67.9772, 80.0228) gallons

E) Yes

Step-by-step explanation:

We are given;

Sample mean; x' = 74

Sample population; n = 21

Yearly Standard deviation; s = 16

A) We are not given the population mean.

So the closest estimate to the population mean would be the sample mean which is 74.

B) We are not given the population standard deviation and as such we can't use normal distribution. So what is used when population standard deviation is not known is called t - distribution table. The assumption we will make is that the population follows the normal distribution.

C) At confidence interval of 90% and DF = n - 1 = 21 - 1 = 20

From t-tables, the t = 1.725

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Thus 90% confidence interval for the population mean is (67.9772, 80.0228) gallons

E) 68 gallons lies within the range of the confidence interval, thus we can say that "Yes, it is reasonable"

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