The simplified answer of 6/35 is 6/35. It is in simplest form.
Answer:
With the given margin of error its is possible that candidate A wins and candidate B loses, and it is also possible that candidate B wins and candidate A loses. Therefore, the poll cannot predict the winner and this is why race was too close to call a winner.
Step-by-step explanation:
A group conducted a poll of 2083 likely voters.
The results of poll indicate candidate A would receive 47% of the popular vote and and candidate B would receive 44% of the popular vote.
The margin of error was reported to be 3%
So we are given two proportions;
A = 47%
B = 44%
Margin of Error = 3%
The margin of error shows by how many percentage points the results can deviate from the real proportion.
Case I:
A = 47% + 3% = 50%
B = 44% - 3% = 41%
Candidate A wins
Case II:
A = 47% - 3% = 44%
B = 44% + 3% = 47%
Candidate B wins
As you can see, with the given margin of error its is possible that candidate A wins and candidate B loses, and it is also possible that candidate B wins and candidate A loses. Therefore, the poll cannot predict the winner and this is why race was too close to call a winner.
Step-by-step explanation:
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You would just do 3/5 * 55 = 33 movies were new releases.
Answer:
The maximum revenue is 16000 dollars (at p = 40)
Step-by-step explanation:
One way to find the maximum value is derivatives. The first derivative is used to find where the slope of function will be zero.
Given function is:
Taking derivative wrt p
Now putting R'(p) = 0
As p is is positive and the second derivative is -20, the function will have maximum value at p = 40
Putting p=40 in function
The maximum revenue is 16000 dollars (at p = 40)
