In order to break even, your minimum selling price must be __________ your variable costs.
1 answer:
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Answer:
14.36((14MPa) approximately
Explanation:
In this question, we are asked to calculate the stress tightened in a bolt to a stress of 69MPa.
Please check attachment for complete solution and step by step explanation
Answer:
(a) 0.12924
(b) Taking into consideration significance level of 0.05 yet the value of p is greater than 0.05, it suggests that the coin is fair hence the coin can be used at the beginning of any sport event.
Explanation:
(a)
n=200 for fair coin getting head, p= 0.5
Expectation = np =200*0.5=100
Variance = np(1 - p) = 100(1-0.5)=100*0.5=50
Standard deviation,
Z value for 108,
P( x ≥108) = P( z >1.13)= 0.12924
(b)
Taking into consideration significance level of 0.05 yet the value of p is greater than 0.05, it suggests that the coin is fair hence the coin can be used at the beginning of any sport event.