Marco is investigating some of the business models of SureSpin, one of Faster Fidget's top competitors.

Mathematics

1 answer:

Vaselesa [24]4 years ago

4 0

Answer:

$13,450

Step-by-step explanation:

The fixed cost of production is $13,450, this is because a fixed cost of production is the amount of cost that does not change with an increase or decrease in the amount of the goods or services produced. Fixed cost of production are paid by companies. It is one of the two component of the total cost of goods or services along with the variable cost.

In regard to the information given in the question, no matter how many spinners the company produces, the fixed cost will remain the same.

Assuming x is the variable cost which signifies the number of spinners produced, this literally implies that the cost to produce each spinner is $1.28 and the fixed cost which is independent of the production is $13,450.

Hence, the fixed cost of production is $13,450.

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The output from a statistical computer program indicates that the mean and standard deviation of a data set consisting of 200 me

lesya [120]

Answer:

The limit that 97.5% of the data points will be above is $912.

Step-by-step explanation:

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

$\mu = 1500, \sigma = 300$