each morning a gardener uses 24 1/2 gallons of water from a metal reservoir.each afternoon,she adds 15 1/4 gallons of water to t
1 answer:
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Answer:
The demand equation is: D=-4p+23
Step-by-step explanation:
To get started, we should keep in mind that the market price (p=3) occurs when supply equals demand ,therefore when p=3
S=2(3)+5=11
Thus, when p=3 D=11 and, according to the problem when p=1 D=19.
We already know two points on the demand curve. Great!
The demand equation is linear, so it has form D=bp+c.
The variable b is the slope of the demand linear equation . It can be computed through the formula
. equation 1
Substituting the two points (3,11) and (1,19) on equation 1.
b=-4
Now we can find the value of intercept of the demand equation c trough point-slope form y-y1=b(x-x1).
We can use any of the points. Let's take (3,11) and write in point-slope :
y-11=-4(x-3)
y=-4x+11+12
y=-4x+23
Rewrite the linear equation according our variables D and p
D=-4P+23
Finally we found the demand equation !
Answer:
1) Randomization condition: We assume that we are selecting random samples so this condition is satisfied
2) 10% condition: We assume that the random sample selected is less than 10% of the population size
3) Success/ Failure condition:
For this case we need to satisfy this:
So since the condition 1 and 2 are satisfied the correct option for this case would be:
a)np and nq must be respectively at least equal to 10
Step-by-step explanation:
Assuming the following options:
a)np and nq must be respectively at least equal to 10
b) as n increases, the distribution of sample proportions becomes less Normal
c) np and nq must be respectively less than 10
d) np plus nq must be at least 10.
For this case we need 3 basic conditions:
1) Randomization condition: We assume that we are selecting random samples so this condition is satisfied
2) 10% condition: We assume that the random sample selected is less than 10% of the population size
3) Success/ Failure condition:
For this case we need to satisfy this:
So since the condition 1 and 2 are satisfied the correct option for this case would be:
a)np and nq must be respectively at least equal to 10