A stock was purchased at $15.75 per share, and sold at $19.25 per share What was the net profit per share?
1 answer:
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Answer:
When x <= 8000
The cost remains constant at 0.35 when x increases from 0 to 8000
The slope of cost function over this part is 0
When 8000 < x <= 20000
The cost remains constant at 0.75 when x increases from 8000 to 20000
The slope of cost function over this part is 0
When 20000 < x <= 42000
The cost decreases when x increases from 20000 to 42000
The slope of cost function
m= -5 × 10^-6
Answer:
The least number of tennis balls needed for the sample is 1849.
Step-by-step explanation:
The (1 - <em>α</em>) % confidence interval for population proportion is:
The margin of error for this interval is:
Assume that the proportion of all defective tennis balls is <em>p</em> = 0.50.
The information provided is:
MOE = 0.03
Confidence level = 99%
<em>α</em> = 1%
Compute the critical value of <em>z</em> for <em>α</em> = 1% as follows:
*Use a <em>z</em>-table.
Compute the sample size required as follows:
Thus, the least number of tennis balls needed for the sample is 1849.