The product of the gift and another sum is 1 (27,18)
Answer:
(0.0706, 0.1294)
Step-by-step explanation:
Confidence interval of a proportion is:
CI = p ± CV × SE
where p is the proportion,
CV is the critical value (z score or t score),
and SE is the standard error.
The sample is large enough to estimate as normal. For 95% confidence level, CV = z = 1.96.
Standard error for a proportion is:
SE = √(pq/n)
SE = √(0.1 × 0.9 / 400)
SE = 0.015
The confidence interval is:
CI = 0.1 ± (1.96)(0.015)
CI = (0.0706, 0.1294)
Round as needed.
Marginal Revenue is defined as the revenue generated with respect to increase in sale of another extra unit of product.
So we will calculate Marginal Revenue equation by finding the change in Revenue with respect to change in Quantity.
Given the Total Revenue Function as:-

Differentiating Total Revenue function (Tr) with respect to quantity (q):-
So Marginal Revenue equation will be, 