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iogann1982 [59]
4 years ago
12

Construct a simulation model to estimate the average profit per unit. What is a 95% confidence interval around this average

Mathematics
1 answer:
Sophie [7]4 years ago
6 0

Answer:

The answer is not complete. But you can use a spreadsheet to construct a simulation model to estimate the average profit per unit of a set of data.

Step-by-step explanation:

To calculate the Expected value of profit, we use:

Selling price - Expected value of different costs

Selling price is Total Cost * Probability

Confidence Interval

A Confidence Interval is a range of values that someone can be sure the true value lies in.

To calculate the confidence interval, we use the formula x ± z * S/√n

Where S is the standard deviation

n is the number of observations

x is the mean

z is the chosen z value

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A certain forest covers an area of 4900 km². Suppose that each year this area decreases by 7%. What will the area be after 8 yea
RUDIKE [14]

Answer:

area after 8 years is 2156km²

Step-by-step explanation:

Area of forest=4900 km²

decrease in area in 1 year=4900km² × 7%

decrease in area in 1 year= 343km²

decrease area in 8 years=343km² × 8

=2744km²

Remaining area= (4900-2744)km²

=2156km²

Note:If you have any question about it please ask.

3 0
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57% of a number is 216.6.<br> What is the original number?
pickupchik [31]

Answer:

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Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Corey used the regression equation y = 1.505x − 88.21, where x is the temperature and y is the number of swimmers, to determine
blondinia [14]

x is the temperature and y is the number of swimmers. If there are 80 swimmers, then y = 80 instead of x = 80

This is how Corey should have solved

y = 1.505*x - 88.21

80 = 1.505*x - 88.21 <--- replace y with 80

1.505*x - 88.21 = 80

1.505*x = 80 + 88.21 <--- add 88.21 to both sides

1.505*x = 168.21

x = 168.21/1.505 <--- divide both sides by 1.505

x = 111.767

x = 111.8

If there are 80 swimmers at the pool, then the possible outside temperature is roughly 111.8 degrees F. This temperature seems awfully large, so it's possible that Corey's regression equation has limited scope; in other words, it isn't too useful if x is outside a given interval.

3 0
4 years ago
Read 2 more answers
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borishaifa [10]
Divied 4 by both 180 and 320 because 4 quarters= a dollar
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If a printer prints 21 pages every 3 mins how many pages will it print in 10 minutes.
poizon [28]

Answer:

70 pages

Step-by-step explanation:

21pages / 3 mins = 7 pages per minute

7 pages * 10 minutes = 70 pages

5 0
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