What’s the square root of one million?
2 answers:
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Answer:
Step-by-step explanation:
We know that the break even point is the point where the cost and the revenue equations intersect. So the break even point in this situation is:
C= R
<=> 20/3x+50 = 10x (with x > 0 and x is a whole number)
<=> -50x -20 = 0
<=> x ≈ 5
If the company sells more than 5 items, it will have benefit
If the company sells less than 5 items, it will lose
Part a)
The simple random sample of size n=36 is obtained from a population with
and
The sampling distribution of the sample means has a mean that is equal to mean of the population the sample has been drawn from.
Therefore the sampling distribution has a mean of
The standard error of the means becomes the standard deviation of the sampling distribution.
Part b) We want to find
We need to convert to z-score.
Part c)
We want to find
We convert to z-score and use the normal distribution table to find the corresponding area.
Part d)
We want to find :
We convert to z-scores and again use the standard normal distribution table.