Answer:
19
Step-by-step explanation:
Matt ended up with 26.
We reverse the steps he did to get the original number that both people thought of.
26 / 2 = 13
13 - 7 = 6
6 is the original number.
Tikka did the same operations but in the reverse order so...
6 X 2 = 12
12 + 7 = 19
Answer:

Step-by-step explanation:
Given
Poisson Distribution;
Average rent in a week = 2.3
Required
Determine the probability of renting no more than 1 apartment
A Poisson distribution is given as;

Where y represents λ (average)
y = 2.3
<em>Probability of renting no more than 1 apartment = Probability of renting no apartment + Probability of renting 1 apartment</em>
<em />
Using probability notations;

Solving for P(X = 0) [substitute 0 for x and 2.3 for y]




Solving for P(X = 1) [substitute 1 for x and 2.3 for y]









Hence, the required probability is 0.331
R(x) = 60x - 0.2x^2
The revenue is maximum when the derivative of R(x) = 0.
dR(x)/dx = 60 - 0.4x = 0
0.4x = 60
x = 60/0.4 = 150
Therefore, maximum revenue is 60(150) - 0.2(150)^2 = 9000 - 4500 = $4,500
Maximum revenue is $4,500 and the number of units is 150 units
Answer:
90
Step-by-step explanation:
Answer:
Imperfect substitutes
explanation:
The choices above are not perfect substitutes, meaning they can not be perfectly or directly replace the other. Imperfect substitutes are close substitutes but not perfect substitutes. Unlike perfect substitutes, imperfect substitutes satisfies same utility but has different characteristics and therefore not entirely substitutable. For example, while one may want to have the 40 marks too, he'd rather have 60 marks even if the criteria for a 60 mark score was increasingly hard.