4 years ago

Simple, worth 13 points!!!!

Mathematics

1 answer:

Ber [7]4 years ago

8 0

what subject is that? mate

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strojnjashka [21]

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4 years ago

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3 years ago

5) You are buying $48 worth of peanut butter and jelly. Jelly costs $4 per jar and peanut butter costs $6

boyakko [2]

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3 years ago

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It has been estimated that the price elasticity of demand for attending baseball games is 0.23. Other things held constant, a 10

Akimi4 [234]

Answer:

Correct option: (A) 43.48% fall in the price of a ticket.

Step-by-step explanation:

The price elasticity of demand is defined as the percent change in quantity demanded to the percent change in the price.

$Price\ elasticity\ of\ demand=\frac{\%\ change\ in\ quantity\ demanded}{\%\ change\ in\ price}$

Given:

Price elasticity of demand = 0.23

% change in quantity demanded = 10

Compute the % change in price as follows:

$Price\ elasticity\ of\ demand=\frac{\%\ change\ in\ quantity\ demanded}{\%\ change\ in\ price}\\0.23=\frac{10}{\%\ change\ in\ price}\\{\%\ change\ in\ price}=\frac{10}{0.23}\\=43.4783\\\approx43.48$

Thus, a 10 percent increase in attendance can be explained by a 43.48% fall in the price of a ticket.

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3 years ago

Find the sample standard deviation with the data 0.62, 1.05, 0.58, 1.17, 1.04, 1.37, 1.32, 0.67, 1.25 1.38, 0.86

sukhopar [10]

$standard \: deviation \: = \sqrt{ \frac{12.5485}{11} } - (1.028) {}^{2} \\ = 0.28981$

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3 years ago