Find the value of x. *BRAINLIEST* A. 10 B. 8.3 C. 7 D. 5
1 answer:
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Answer:
a)
b)
c) They'd have lost $1000 if they had sold no calendars.
Step-by-step explanation:
a) The equation of the line in Slope-Intercept form is:
Where "m" is the slope and "b" is the y-intercept.
In this case we know that "y" represents the profit of loss and "x" the number of calendars sold.
Then, according to the exercise, the line passes through these two points:
and
Then, we can find the slope of the line with the formula
Now, we can substitute the slope and one of those points into and solve for "b":
Then, subtituting values, we get that the equation that describes the relation between the profit of loss and the number of calendars sold, is:
b) The slope of the line is the profit they made from selling each calendar
c) The y-intercept is the amount they would have lost if they had sold no calendars:
They'd have lost $1000 if they had sold no calendars.
I have an expression
floating around in my head; let's see if it makes sense.
The variance of binary valued random variable b that comes up 1 with probability p (so has mean p) is
That's for an individual sample. For the observed average we divide by n, and for the standard deviation we take the square root:
Plugging in the numbers,
One standard deviation of the average is almost 2% so a 27% outcome was 3/1.9 = 1.6 standard deviations from the mean, corresponding to a two sided probability of a bit bigger than 10% of happening by chance.
So this is borderline suspect; most surveys will include a two sigma margin of error, say plus or minus 4 percent here, and the results were within those bounds.