- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
To learn more about equilibrium, please check: brainly.com/question/26075805
#SPJ1
Using the binomial distribution, it is found that the probability that at least 12 of the 13 adults require eyesight correction is of 0.163 = 16.3%. Since this probability is greater than 5%, it is found that 12 is not a significantly high number of adults requiring eyesight correction.
For each person, there are only two possible outcomes, either they need correction for their eyesight, or they do not. The probability of a person needing correction is independent of any other person, hence, the binomial distribution is used to solve this question.
<h3>What is the binomial distribution formula?</h3>
The formula is:
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
In this problem:
- A survey showed that 77% of us need correction, hence p = 0.77.
- 13 adults are randomly selected, hence n = 13.
The probability that at least 12 of them need correction for their eyesight is given by:
In which:
Then:
The probability that at least 12 of the 13 adults require eyesight correction is of 0.163 = 16.3%. Since this probability is greater than 5%, it is found that 12 is not a significantly high number of adults requiring eyesight correction.
More can be learned about the binomial distribution at brainly.com/question/24863377
on a horizontal number line . numbers to the left are less than numbers to the right .. numbers to the right are less than numbers to the left
Answer:
hello
Step-by-step explanation:
It's saying that on every other stop(with even numbers)you add 2 people, and on all the other stops(odd numbers)you subtract 5 people. Be sure that you start with 18 people on the bus! Keep doing this until there is no more people on the bus!