If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand since it is less than. In other words, there is only a little alteration in demand when prices change.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can anticipate only 11.25% decrease in its demand. This is for the reason that the SUVs do not have many substitutes for it.
So to solve:
(x/15%) = 0.75
Then simply solve for x:
x = (0.75)(0.15) = 11.25%
This is a weird question but I believe sense you did bring the money then you are going to buy lunch.
Answer:
25 percent
Step-by-step explanation:
Answer:
b. There is not enough evidence to say that the populations of men and women have different mean nose lengths.
See explanation below.
Step-by-step explanation:
Develop the null and alternative hypotheses for this study?
We need to conduct a hypothesis in order to check if the means for the two groups are different (men have longer mean nose length than women), the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
Assuming that we know the population deviations for each group, for this case is better apply a z test to compare means, and the statistic is given by:
(1)
z-test: Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other.
Let's assume that the calculated statistic is 
Since is a right tailed test test the p value would be:
And we know that the p value is 0.225. If we select a significance level for example 0.05 or 0.1 we see that 
And on this case we have enough evidence to FAIl to reject the null hypothesis that the means are equal. So then the best conclusion would be:
b. There is not enough evidence to say that the populations of men and women have different mean nose lengths.
we have given the values of x and f(x) in the table we have x=2 and f(x)=5 for this if we plug x=2 in option f(2)=2^2+1=4+1=5.
for f(3)=2^3+1=8+1=9.
f(4)=2^4+1=16+1=17 .so the exponential function modelled by the table is option B)f(x)=2^x+1.