When a number is added to 1/5 of itself, the result is 24. The equation that models this problem is n + 1/5n = 24. What is the v
1 answer:
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The extra amount that Mary would pay for apples under a monopoly instead of perfect competition is B. $3
<h3>Calculations and Parameters:</h3>From the complete information,
There are images of the prices that can be gotten under a monopoly and the ones that can be gotten in a perfect competition by Mary.
The marginal cost which is graphed against the pound of apples and the price shows Mary would pay $15 and the marginal revenue shows that Mary would pay $12.
Hence, the difference between them, which is the extra amount to be paid would be $15-$12
=$3
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Answer:
The 98% confidence interval for the population mean number of hours worked per year per person is (2146, 2193).
Step-by-step explanation:
The question is incomplete.
The number of hours registered in the sample are:
2051 2061 2162 2167 2169 2171
2180 2183 2186 2195 2196 2198
2205 2210 2211
The sample mean can be calculated as:
We have to calculate a 98% confidence interval for the mean.
The population standard deviation is know and is σ=39.
The sample mean is M=2169.67.
The sample size is N=15.
As σ is known, the standard error of the mean (σM) is calculated as:
The z-value for a 98% confidence interval is z=2.326.
The margin of error (MOE) can be calculated as:
Then, the lower and upper bounds of the confidence interval are:
The 98% confidence interval for the population mean is (2146, 2193).