Answer:
Step-by-step explanation:
<u>Mathematical Modeling</u>
To model a real-life situation, a mathematical model can be constructed in such a way it accurately represents the variables measured in the system.
This problem requires to build a model for the yearly cost of a small and successful business.
The first data is the fixed monthly cost or the money the owner must pay regardless of the number of employees he hires. This cost includes shipping supplies and products for $2,000. To operate for a full year, the fixed cost is 12*$2,000=$24,000.
The other component of the cost function is the variable cost of x employees. Given each employee costs $1,600 each month, having x employees cost 1,600x each month. For a full year, the variable cost will be
12*1,600x=19,200x.
We finally form the total cost function:
The 12 ounce bottle is a better buy as the customer spends less per ounce ($0.1158/oz) than the 24 ounce ($0.1163/oz).
Answer:
C
Step-by-step explanation:
12 divided by 3 is 4 and 30 divided by 3 is 10
D to the nearest hundredth is 42.000
Answer:
And we can calculate the p value with the following probability taking in count the alternative hypothesis:
And for this case using a significance level of 
we see that the p value is larger than the significance level so then we can conclude that we FAIL to reject the null hypothesis and we don't have enough evidence to conclude that the true proportion is less than 0.02
Step-by-step explanation:
For this case we want to test the following system of hypothesis:
Null hypothesis: 
Alternative hypothesis: 
The statistic for this case is given by:
(1)
And for this case we know that the statistic is given by:
And we can calculate the p value with the following probability taking in count the alternative hypothesis:
And for this case using a significance level of we see that the p value is larger than the significance level so then we can conclude that we FAIL to reject the null hypothesis and we don't have enough evidence to conclude that the true proportion is less than 0.02
