Answer: Mean
Mean is the only measure of central tendency that is always affected by an outlier.
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Answer:
a. The two players playing the game
b. No dominant strategy
c. No equilibrium
Step-by-step explanation:
a. The players are the two people playing the game of matching pennies
The strategy of the players are to meet the conditions of them keeping the pennies by having either heads or tails
The payoff of the game are as follows;
Player A keeps the two pennies when the outcome matches
Player B keeps the two pennies when the outcome does not match
The payoff of the game are as follows;
Player A
Head Tails
Player B Head 1, -1 -1, 1
Tails -1 1 1, -1
Where:
x, y
x = Player A
y = Player B
1 = Getting to keep the two pennies
-1 = Losing a penny
b. There are no best strategy because the game is one of chance whereby the result of the strategy of one player depends on the side of the penny facing up by the other player.
c. There is no equilibrium as the possible outcomes are equal hence the outcomes can be even or one sided.
Answer:
Step-by-step explanation:
You need to complete the square.
C(x) = 0.02(x^2 - 1000x ...) + 11000
C(x) = 0.02 (x^2 - 1000x + 500^2) + 11000 - 5000
C(x) = 0.02 (x^2 - 1000x + 500^2) + 6000
C(x) = 0.02(x - 500)^2 + 6000
Now if you look at the answer you will find that the square is completed. That means that number of tractors you could produce is 500 at a cost of 6000
There is a flow to this question that you may have trouble understanding.
First of all the 500^2. That comes from taking 1/2 of 1000 and squaring it. That's what you need to complete the square.
Bur that is not what you have adding into the equation. Remember that there is a 0.02 in front of the brackets.
500^2 = 250000
0.02 * 250000 = 5000
So that number must be subtracted to make the square = 0. When you remove the brackets, you should get 11000 all in all.
So what you have outside the brackets is 11000 - 5000 = 6000
The rest is just standard for completing the square.
Answer:
Janet reads 13.865 pages in 4.7 minutes.
Step-by-step explanation:
Given that Janet can read 2.95 pages of a book in a minute.
- unit rate = 2.95 pages/per minute
As she reads for 4.7 minutes.
We just need to multiply 4.7 minutes with 2.95 to determine total pages she would read in 4.7 minutes.
i.e.
4.7 × 2.95 = 13.865 pages
Therefore, Janet reads 13.865 pages in 4.7 minutes.
