Two math questions plz
1 answer:
we know that
<u>The correlation coefficient</u> is a measure of linear association between two variables. Values of the correlation coefficient are always between −1 and +1.
Using a mathematical tool-------> Excel software
Find the correlation coefficient
see the attached table N 1 and N 2
the answer is
Part 1) The correlation coefficient of the data is 0.02
Part 2) The correlation coefficient of the data is 0.98
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Cost function,
Revenue function,
Profit function,
Break point .
Fixed cost $
.
Variable cost $
.
Price of item $
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Let be the number of items produced and sold.
a) Cost function Fixed cost
variable cost \times number of items
So,
b) Revenue Price of an item
number of items
So,
c) Profit Revenue
Cost
d) <u>Break even point</u>
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So, the product should be produced for or more items.
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