Answer:
d. 0.4013
Step-by-step explanation:
Half of the area under the normal curve is found to the left of the midpoint, where z=0. For negative values of z, the area under the curve is less than half.
Area under a normal curve is always a positive value between 0 and 1, so will never be negative.
The only value that can be an area in a left-hand tail is 0.4013.
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<em>Additional comment</em>
That value corresponds to z ≈ -0.25.
the slope of the line is 2
Negative 1 because 3 x 3 is 9 and -2 x 5 is -10. Therefore 9-10= negative 1
Answer:
The answers to the questions are;
B. increases.
C. inelastic; increase.
Step-by-step explanation:
The price elasticity of demand for a linear demand in absolute value curve becomes smaller and smaller as we move downwards of the curve.
When the price elasticity of demand is calculated along a linear demand curve. This is so as for each pair of points at which the price elasticity of demand is calculated, the quantity demanded and the price change are somewhat similar, but as we move towards the top of the demand curve, the high prices and the low quantities shows the increase in demand elasticity.
Also in the inelastic region, as it can be shown by the areas of the rectangles formed by to adjacent price points, increase in price, increases the total revenue.
