Answer:
<h2>Revenue will decrease</h2>
Step-by-step explanation:
Note: the question did not provide the quantity to work with, so we will assume some values, say quantity Q= 30
Generally, it is normal for the revenue to decrease when the price of a commodity increase, this is so that buyer will have to react to adjust to the change in price.
When price increase from $50 to $60, the total revenue will decrease
let say the quantity Q1=30 , and the new quantity after price increase is Q2=20
1. The revenue PxQ before price change will be
PxQ= P1xQ1=50*30
PxQ= $1500
1. The revenue PxQ after price change will be
PxQ=P2xQ2= 60*20
P2xQ2= $1200
This clearly shows that based on the assumed data, the total revenue will drop from1500 to 1200, a total of $300 in a decrease
To solve a Linear equation we need to find the slope:
-4-1 / -2-8 =1/2
now that we have the slope we can find our x and y
y-1=1/2(x-8)
y=x/2-3
Assuming that the inequality you were going for was a ≤, set both polynomials less than or equal to 0.
x - 3 ≤ 0
x + 5 ≤ 0
For the first equation add 3 to both sides of the inequality. For the second, subtract 5 from both sides.
x ≤ 3
x ≤ - 5
These would be your solutions I guess, however, if you want to expand upon that, your actual answer is (- ∞, - 5] because if you were to plot these two inequalities on a number line, that is where the overlap would occur.
Answer:
1/4000
1 milimeter on paper means 4000 in real
Answer:
a. N=25
b. X[bar]= 60.52
c. Y[bar]= 106.72
d. SSx= 115.24
e. ∑X*∑Y = 4036684
f. SSxy= 202020.3296
g. √(SSx*SSy)= 449.46
Step-by-step explanation:
Hello!
Using the attached data you need to calculate some statistics.
a) N
The sample size is listed under the first column "subject" You can see that 25 subjects qhere studied so N=25.
b.
The mean of set X is equal to X[bar]= ∑X/n= 1513/25= 60.52
∑X is listed in the second table.
c.
The mean of ser Y is Y[bar]= ∑Y/n= 2668/25= 106.72
∑Y is listed in the second table.
d.
Sum of Squares of set X SSx= ∑X²-[(∑X)²/n]= 91682-[(1513)²/25]= 115.24
e.
∑X*∑Y =1513*2668= 4036684
f.
SSxy= (∑X²-[(∑X)²/n]) * (∑Y²-[(∑Y)²/n])= (91682-[(1513)²/25]) * (286482*[(2668)²/25])= 202020.3296
g.
√(SSx*SSy)= √(115.24*1753)= 449.46
I hope you have a SUPER day!
