Answer:
5% significance level indicates the level of risk, error or exactness. It guides our conclusion on which hypothesis a data supports
Level of significance defined as the possibility, probability or chances of rejecting a null hypothesis when it's results is valid.
For every statistical hypothesis, the result has propency or likeliness to be exact or not. That is, it has chances of containing a type of error referred to as level of significance.
Now, a 5% significance level implies that, the statistical results or analysis has 95% reliability or confidence level.
In other words, a 5% significance level indicates that a result has 0.05 RISK level.
The level of significance is needed for every hypothetical test because it indicates validity of each hypothesis data. It gives confidence such that one is at peace to know the hypothesis a particular data supports
Answer:
8+3/4w
Step-by-step explanation:
a) The total monthly cost is the sum of the fixed cost and the variable cost. If q represents the number of cones sold in a month, the monthly cost c(q) is given by
c(q) = 300 + 0.25q
b) If q cones are sold for $1.25 each, the revenue is given by
r(q) = 1.25q
c) Profit is the difference between revenue and cost.
p(q) = r(q) - c(q)
p(q) = 1.00q - 300 . . . . . . slope-intercept form
d) The equation in part (c) is already in slope-intercept form.
q - p = 300 . . . . . . . . . . . . standard form
The slope is the profit contribution from the sale of one cone ($1 per cone).
The intercept is the profit (loss) that results if no cones are sold.
e) With a suitable graphing program either form of the equation can be graphed simply by entering it into the program.
Slope-intercept form. Plot the intercept (-300) and draw a line with the appropriate slope (1).
Standard form. It is convenient to actually or virtually convert the equation to intercept form and draw a line through the points (0, -300) and (300, 0) where q is on the horizontal axis.
f) Of the three equations created, we presume the one of interest is the profit equation. Its domain is all non-negative values of q. Its range is all values of p that are -300 or more.
g) The x-intercept identified in part (e) is (300, 0). You need to sell 300 cones to break even.
h) Profit numbers are
425 cones: $125 profit
550 cones: $250 profit
700 cones: $400 profit
Answer:
David made $18
Step-by-step explanation:
Leslie made $10. This means that you take 46-10=36
Chen-Chen made twice as much as David so 36/2=18 So Chen made $9.
David- 36-18= 18 So, David made 18 dollars.
