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1 answer:
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Answer:
The function that can be used in the online shopping club about its monthly revenue is:
Step-by-step explanation:
First, we're gonna take into account the different values we have in the exercise:
- 10,000 members
- $7 per month for membership
- Loses of 400 members by each $1 monthly increase
How the variable represents the price increase, we can do the formula below:
In this formula, we represent in the first part that by each 1 in the variable , the total of members will be reduced in 400, in the second part, we mention that at the same time, the membership fee will be increased in the same value of
. Now we must simplify this function:
We operate the values:
Solve we can:
And organize:
At the end, how represents the monthly revenue received by the club, we use that variable for our formula:
Answer:
The standard deviation for the mean weigth of Salmon is 2/3 lbs for restaurants, 2/7 lbs for grocery stores and 1/4 lbs for discount order stores.
Step-by-step explanation:
The mean sample of the sum of n random variables is
If are indentically distributed and independent, like in the situation of the problem, then the variance of
will be the sum of the variances, in other words, it will be n times the variance of
.
However if we multiply this mean by 1/n (in other words, divide by n), then we have to divide the variance by 1/n², thus and as a result, the standard deviation of
is the standard deviation of
divided by
.
Since the standard deviation of the weigth of a Salmon is 2 lbs, then the standard deviations for the mean weigth will be:
- Restaurants: We have boxes with 9 salmon each, so it will be
- Grocery stores: Each carton has 49 salmon, thus the standard deviation is
- Discount outlet stores: Each pallet has 64 salmon, as a result, the standard deviation is
We conclude that de standard deivation of the mean weigth of salmon of the types of shipment given is: 2/3 lbs for restaurants, 2/7 lbs for grocery stores and 1/4 lbs for discount outlet stores.