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tangare [24]
3 years ago
11

Which statistic indicates the strength of the relationship between the length of the auction and final price?

Mathematics
1 answer:
dimulka [17.4K]3 years ago
3 0

Answer:

Percentage of bid.

Step-by-step explanation:

The auction price is the initial start of bidding. This price is set for the thing which are placed under auction and below that auction price the trade cannot take place. This is usually considered as a starting point and then bidders start to quote their bid for the auctioned. The final price is determined when the bidders quotes the highest possible price after which no one else quotes any other bid. The auction is then closed and the bidders gains the auctioned things.

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3, and b

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Answer:

(A)Cost of Rental A, C= 15x

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(B)

i. Rental C   ii. Rental A     iii. Rental B

Step-by-step explanation:

<u>Part 1</u>

Let x be the number of hours of the barbeque use by the club.

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Cost of Rental A, C= 15hx

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<u>Part 2</u>

The graph of the three models is attached below

<u>Part 3(11.05-4.30)</u>

If the barbecue's usage hour is from 11.05 to 4.30 when the football match ends.

Number of Hours between 11.05am and 4.30pm=4 hours 25 Minutes = 4.42 Hours

Cost of Rental A, C= 15x=15(4.42)=$66.30

Cost of Rental B, C=5x+50 =5(4.42)+50=$72.10

Cost of Rental C, C=9x+20=9(4.42)+20=$59.78

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Number of Hours = 12.30 -11.05 =1 hour 25 Minutes = 1.42 Hours

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Rental A should be chosen since it offers the lowest cost.

<u>Part 5</u>

If the barbecue is returned the next day, say after 24 hours

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