Answer: i. There are 140 students willing to pay $20.
ii. There are 200 staff members willing to pay $35.
iii. There are 100 faculty members willing to pay $50.
Step-by-step explanation: Suppose there are three types of consumers who attend concerts at Marshall university's performing arts center: students, staff, and faculty. Each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. There is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs.
For each concert:
A) If the performing arts center can charge only one price, what price should it charge? What are profits at this price? B) If the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits?
C) If the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Answer:
see explanation
Explanation:
the graph of g(x) is the graph of f(x) shifted vertically by
+ 6 units
or equivalent to a translation
(
0
6
)
in general
g
(
x
)
=
x
2
±
a
for
a
>
0
shift is
(
0
a
)
↑
⏐
⏐
⏐
⏐
for
a
<
0
shift is
(
0
−
a
)
⏐
⏐
⏐
⏐
↓
graph{(y-x^2)(y-x^2-6)=0 [-20, 20, -10, 10]}
Step-by-step explanation:
Answer:
Step-by-step explanation:
there are 36 squares
red takes 1 of 4 so red has 9
blue takes 1 of 3 so blue has 12
5 of 12 of the grid is yellow
Answer:
The difference in the sample proportions is not statistically significant at 0.05 significance level.
Step-by-step explanation:
Significance level is missing, it is α=0.05
Let p(public) be the proportion of alumni of the public university who attended at least one class reunion
p(private) be the proportion of alumni of the private university who attended at least one class reunion
Hypotheses are:
: p(public) = p(private)
: p(public) ≠ p(private)
The formula for the test statistic is given as:
z=
where
- p1 is the sample proportion of public university students who attended at least one class reunion (
)
- p2 is the sample proportion of private university students who attended at least one class reunion (
)
- p is the pool proportion of p1 and p2 (
)
- n1 is the sample size of the alumni from public university (1311)
- n2 is the sample size of the students from private university (1038)
Then z=
=-0.207
Since p-value of the test statistic is 0.836>0.05 we fail to reject the null hypothesis.
Answer:
7 buses
Step-by-step explanation:
51 divided by 8 = 6 and you still have 3 students letf so you have to use one more bus
