Median is a better measure of center than the mean(average)
a) 56,62,68,71,104,507 ⇒ Median is a better measure. Mean is not a better measure because of the outliers.
b) 2,8.5, 9.2, 9.8, 10.1 lb ⇒ Median is a better measure.
c) Mean is a better measure. No outliers. Data set values are close with each other.
d) Mean is a better measure.
Answer:
A. (1, 3) is your answer.
Step-by-step explanation:
Since they are both positive that means that it will be increasing.
4 units = blue
1 unit = yellow
total: 5 units = 40
1 unit = 40 ÷ 5 = 8
yellow: 8
blue: 8×4 = 32
The number of bows that Penny makes per hour and the price the firm sells at shows that the value of the marginal product is $24.95 per hour.
The highest wage the firm will pay is $24.95 per hour.
<h3>What is the value of Penny's marginal product?</h3>
This can be found by the formula:
= Price x Marginal product of Penny
= 4.99 x 5
= $24.95 per hour
The highest wage the firm can pay would be the wage amount that equals their marginal revenue as this is the only way they can maximize profit.
Their marginal revenue in this case is the $24.95 per hour that they pay to Penny so this will be their highest wage to her as well.
Find out more on profit maximization at brainly.com/question/13749309.
#SPJ1
Answer:
(x, y) = (8, -3)
Step-by-step explanation:
You can substitute for x in the first equation:
3(-3y -1) +3y = 15
-6y = 18 . . . . . add 3 and simplify
y = -3 . . . . . . . divide by -6
x = -3(-3) -1 = 8 . . . . find x using the second equation
The solution to this system of equations is (x, y) = (8, -3).
