Complete Question
In the nation of Gondor, the EPA requires that half the new cars sold will meet a certain particulate emission standard a year later. A sample of 64 one-year-old cars revealed that only 24 met the particulate emission standard. The test statistic to see whether the proportion is below the requirement is:
A -1.645
B -2.066
C -2.000
D-1.960
Answer:
The correct option is C
Step-by-step explanation:
From the question we are told that
The population mean is
The sample size is
The number that met the standard is
Generally the sample proportion is mathematically evaluated as
Generally the standard error is mathematically evaluated as
=>
=>
The test statistics is evaluated as
Answer:
(a)Revenue function,
Marginal Revenue function, R'(x)=580-2x
(b)Fixed cost =900
.
Marginal Cost Function=300+50x
(c)Profit,
(d)x=4
Step-by-step explanation:
<u>Part A
</u>
Price Function
The revenue function
The marginal revenue function
<u>Part B
</u>
<u>(Fixed Cost)</u>
The total cost function of the company is given by
We expand the expression
Therefore, the fixed cost is 900
.
<u>
Marginal Cost Function</u>
If
Marginal Cost Function,
<u>Part C
</u>
<u>Profit Function
</u>
Profit=Revenue -Total cost
<u>
Part D
</u>
To maximize profit, we find the derivative of the profit function, equate it to zero and solve for x.
The number of cakes that maximizes profit is 4.
Answer:
$900
Step-by-step explanation:
the steps are above
170 and 60 is the answer is that want you are asking for