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Anna35 [415]
4 years ago
6

In the following​ exercise, does the problem involve permutations or​ combinations? Explain your answer. One hundred people purc

hase lottery tickets. Three winning tickets will be selected at random. If first prize is​ $100, second prize is​ $50, and third prize is​ $25, in how many different ways can the prizes be​ awarded?
Mathematics
1 answer:
Blizzard [7]4 years ago
0 0

Answer: Permutation is involved , since order of prizes matters.

The number of different ways the prizes can be​ awarded =95060

Step-by-step explanation:

Given : Total number of people purchase lottery tickets =100

The number of prizes = 3

Since each prize can be claimed by only one person.

So order matters here, there for we use permutations .

The number of permutations of n objects taken m at a time is given by :-

^nP_m=\dfrac{n!}{(n-m)!}

Then, the number of different ways the prizes can be​ awarded :-

^{100}P_{3}=\dfrac{100!}{(100-3)!}=\dfrac{100!}{97!}\\\\=100\times98\times97=950600

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3) For a certain good we have LaTeX: q=f\left(p\right)=200e^{-0.4p}q = f ( p ) = 200 e − 0.4 p.
disa [49]

Answer:

(a)20

(b)Elastic

(c)8

(d) Elastic

Step-by-step explanation:

Elasticity of demand(E) indicates the impact of a price change on a product's sales.

The general formula for an exponential demand curve is given as:

y=ae^{-bp}

Given the demand curve formula

q=f\left(p\right)=200e^{-0.4p}

The formula for Elasticity of demand, E

E = -\dfrac{p}{q}\dfrac{\text{d}q}{\text{d}p}

(a)When Price,  p = $50

p=50

q=200e^{-0.4*50}=200e^{-20}

\dfrac{\text{d}q}{\text{d}p}=-0.4*200e^{-0.4p}=-80e^{-0.4p}

Therefore:

E = -\dfrac{50}{200e^{-20}}*-80e^{-0.4*50}\\=\dfrac{1}{4e^{-20}}*80e^{-20}\\\\E=20

(b)At p = $50, Since elasticity is greater than 1, the demand is elastic.

An elasticity value of 20 means that a 1% increase in price causes a 20% decrease in demand.

(c)At p=$20

p=20

q=200e^{-0.4*20}=200e^{-8}

\dfrac{\text{d}q}{\text{d}p}=-0.4*200e^{-0.4p}=-80e^{-0.4p}

Therefore:

E = -\dfrac{20}{200e^{-8}}*-80e^{-0.4*20}\\=\dfrac{1}{10e^{-20}}*80e^{-20}\\\\E=8

(d)At p = $20, the demand is elastic.

An elasticity value of 8 means that a 1% increase in price causes a 8% decrease in demand.

5 0
4 years ago
What is 0.15 in word form
Molodets [167]
0.15 in word form is fifteen hundredths 

*Hope I Helped*
8 0
3 years ago
On Monday, Melodie ate 14 snickers
Gelneren [198K]

Answer:

3

Step-by-step explanation:

1 1/4 + 1 3/4 = 3. Hope this helps!

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3 years ago
Please help me im stuck on this question​
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Answer:

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Step-by-step explanation:

85.8- 93.6= 7.8

101.4-93.6= 7.8

85.8-7.8 = 78.0 kilo

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The answer is a. The rational number 22/9 is equal to 2.¯4.
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