Answer:
Step-by-step explanation:
Given that a researcher is trying to decide how many people to survey.
We have confidence intervals are intervals with middle value as the mean and on either side margin of error.
Confidence interval = Mean ± Margin of error
Thus confidence interval width depends on margin of error.
Margin of error = 
Thus for the same confidence level and std deviation we find margin of error is inversely proportional to square root of sample size.
Hence for small n we get wide intervals.
So if sample size = 300, the researcher will get wider confidence interval
Answer:
22
Step-by-step explanation:
(4 x 4) + (2 x 3) = 16 + 6 = 22
Answer:
Step-by-step explanation:
32
Answer:
x = 57,542.8571
Step-by-step explanation:
C(x) = 0.81x + 60,420
R(x) = 1.87x
At break even point, Cost function and revenue function becomes equal.
-> C(x) = R(x)
-> 0.81x + 60,420 = 1.87x
-> 60420 = 1.87x - 0.82x
-> 60420 = 1.05x
-> x = 60420/1.05
-> x = 57,542.8571
Thus, at break even point x = 57,542.8571
Answer:
That would be a decrease of 40%
Step-by-step explanation: