Answer:
The probability that a randomly selected consumer will recognize Amazon is 0.988.
Step-by-step explanation:
The data given in the question is
Total number of consumers = 795 + 10 = 805
Consumers who knew of Amazon = 795
Consumers who did not know of Amazon = 10
The formula for calculating probability of an event A is:
P(A) = No. of favourable outcomes/Total no. of possible outcomes
P(Recognize Amazon) = No. of Consumers who knew Amazon/Total no. of consumers
P(Recognize Amazon) = 795/805
= 0.98757
P(Recognize Amazon) ≅ 0.988
The probability that a randomly selected consumer will recognize Amazon is 0.988.
D. not shown , ...............
Answer:
A(n)= 100 + (n-1)4
Step-by-step explanation:
Answer:
Cost function = 40a + 500
Cost of 90 articles = $4,100
Step-by-step explanation:
The fixed cost is $500 and it will.not change regardless of production level.
The Variable cost is $40 and increases by every additional unit produced.
Assume the number of articles produced is a.
Cost function would be:
Total cost = Variable cost * Number of articles + Fixed cost
TC = 40a + 500
Using this, the cost of 90 articles is:
= 40 * 90 + 500
= $4,100
