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jeka94
3 years ago
8

The basic formula for the price elasticity of demand coefficient is

Mathematics
1 answer:
Ivenika [448]3 years ago
3 0

Basic formula for the price elasticity of demand coefficient is on this webside:

http://www.economicsdiscussion.net/price-elasticity-of-demand/price-elasticity-of-demand-with-formula/25223

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The delivery times for all food orders at a fast-food restaurant during the lunch hour are normally distributed with a mean of m
UkoKoshka [18]

Answer:

Let X the random variable that represent the delivery times of a population, and for this case we know the distribution for X is given by:

X \sim N(14.7,3.7)  

Where \mu=14.7 and \sigma=3.7

Since the distribution of X is normal then we know that the distribution for the sample mean \bar X is given by:

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})

And we have;

\mu_{\bar X}= 14.70

\sigma_{\bar X} =\frac{3.7}{\sqrt{40}}= 0.59

Step-by-step explanation:

Assuming this question: The delivery times for all food orders at a fast-food restaurant during the lunch hour are normally distributed with a mean of 14.7 minutes and a standard deviation of 3.7 minutes. Let R be the mean delivery time for a random sample of 40 orders at this restaurant. Calculate the mean and standard deviation of \bar X Round your answers to two decimal places.

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the delivery times of a population, and for this case we know the distribution for X is given by:

X \sim N(14.7,3.7)  

Where \mu=14.7 and \sigma=3.7

Since the distribution of X is normal then we know that the distribution for the sample mean \bar X is given by:

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})

And we have;

\mu_{\bar X}= 14.70

\sigma_{\bar X} =\frac{3.7}{\sqrt{40}}= 0.59

4 0
3 years ago
Which mixed number and improper fraction are represented by the point M on the number line?
artcher [175]
The correct answer would be C
Please mark as Brainiest
5 0
4 years ago
Read 2 more answers
3c+6=18 how do you work this problem?
Bogdan [553]

Answer:

c = 4

Step-by-step explanation:

Simplifying

3c + 6 = 18

Reorder the terms:

6 + 3c = 18

Solving

6 + 3c = 18

Solving for variable 'c'.

Move all terms containing c to the left, all other terms to the right.

Add '-6' to each side of the equation.

6 + -6 + 3c = 18 + -6

Combine like terms: 6 + -6 = 0

0 + 3c = 18 + -6

3c = 18 + -6

Combine like terms: 18 + -6 = 12

3c = 12

Divide each side by '3'.

c = 4

Simplifying

c = 4

4 0
3 years ago
Read 2 more answers
What is the value of x?<br><br> x + 13 = 59
Volgvan

Answer:

x=46

Step-by-step explanation:

subtract 13 from both sides

x=59-13=46

7 0
3 years ago
A recent survey showed that 23.3 million adults have cut the cord on cable TV services, a 30% increase fron the previous year. I
sesenic [268]

Answer:

30,290,000 people

Step-by-step explanation:

The question is asking if the trend continues from the PREVIOUS year, so we would find the 30% of 23,300,000

23,300,000/100 = 233,000 = 1%

233,000 x 30 = 6,990,000

23,300,000 = 6,990,000 = 30,290,000

4 0
3 years ago
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