9514 1404 393
Answer:
$562,500 per hour
Step-by-step explanation:
The cost will be a minimum where C'(x) = 0.
C'(x) = 0.56x -0.7 = 0
x = 0.7/0.56 = 1.25
The cost at that production point is ...
C(1.25) = (0.28×1.25 -0.7)1.25 +1 = -0.35×1.25 +1 = 0.5625
The minimum production cost is $562,500 per hour for production of 1250 items per hour.
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<em>Additional comment</em>
This is different than the minimum cost <em>per item</em>. This level of production gives a per-item cost of $450. The minimum cost per item is $358.30 at a production level of 1890 per hour.
7 2/9 < 7.228 < 29/4 < 7.60
I believe this is the distributive property.
Answer:
0.3667
0.2727
Step-by-step explanation:
a)
P (Blue) = P (large and Blue) + P (mid and Blue) + P (small and Blue)
P (Blue) = (0.5 * 0.2) + (0.4*7 / 12) + (0.1* 1 / 3)
P (Blue) = 0.3667
b)
Conditional Probability:
P (Large / Blue ) = P (large and Blue) / P ( Blue)
P (Large / Blue ) = 0.5*0.2 / 0.36667
P (Large / Blue ) = 0.2727
