Answer:
a) 
where 
b) 
where
c) 
Step-by-step explanation:
Sale price of chocolates = $1.80 per chocolate
Fixed cost for the Chocolate Shoppe per week = $450
Cost to produce one chocolate = $0.60
Cost to produce 
chocolates = $0.60
a) Cost function to represent the total cost for the production of chocolates :
where
b) Revenue function to represent the revenue from the sale of chocolates:
where
c) Profit function to represent Charlie's profit from selling chocolates:
Profit is nothing but revenue minus sales.
I'm assuming you're supposed to find the chance of them drawing red or blue/
So the whole is 20, and red and blue combined is 14.So its 14/20, which is 70%, and as a simplified fraction it is 7/10.
The answer is 6 units and 3 fourths
Answer: 267.
Step-by-step explanation:
When there is no prior information for the population proportion, then the formula we use to find the sample size to estimate the confidence interval :
, where z* = Critical z-value and E + amrgin of error.
Let p = proportion of packages of ground beef sold at a particular store that have an actual fat content exceeding the fat content stated on the label.
Since , we have no prior information about p. so we use above formula
with E = 0.06 and critical value for 95% confidence =z* =1.96 [By z-table ] , we get
Hence, the required sample size is 267.
