1 pound evenly. ignore the remainder.
The next day, you charge $3.50 for each bracelet. You have a supply of 30 bracelets, and exactly 30 customers demand them. At the end of the day, there is no excess demand or excess supply. So, $3.50 must be the <u>equilibrium price</u>
the correct answer is the bolded, underlined words. I hope this helps, have a great day, chao!!
Answer:
i think the answer is 50
Step-by-step explanation:
Answer:
Step-by-step explanation:
We are given the following in the question:
The needle size should not be too big and too small.
The diameter of the needle should be 1.65 mm.
We design the null and the alternate hypothesis

Sample size, n = 35
Sample mean,
= 1.64 mm
Sample standard deviation, s = 0.07 mm
Type I error:
- It is the error of rejecting the null hypothesis when it is true.
- It is also known as false positive error.
- It is the rejecting of a true null hypothesis.
Thus, type I error in this study would mean we reject the null hypothesis that the average diameter is 1.65 mm but actually the average diameters of the needle is 1.65 mm.
Thus, average diameter is 1.65 mm and we decide that it is not 1.65 mm.