If p(x) = 5(x² + 1) + 16, what is value of p(11)?
1 answer:
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Answer:
(a) The daily total revenue realized from the sale of 210 units of the toaster oven is $6,195.
(b) The additional revenue realized when the production (and sales) level is increased from 210 to 310 units is $1,400.
Step-by-step explanation:
The marginal revenue gives the actual revenue realized from the sale of an additional unit of the commodity given that sales are already at a certain level. The derivative <em>R'</em> of the function <em>R</em> measures the rate of change of the revenue function.
We know that the daily marginal revenue function is given by
(a) To find the the daily total revenue you must:
- Integrate the daily marginal revenue function,
,
where C is a constant.
- Find the value of C, using the fact that if you sell 0 units your daily revenue is $0.
The daily total revenue realized from the sale of 210 units of the toaster oven is
x = 210 units
(b) To find the additional revenue realized when the production (and sales) level is increased from 210 to 310 units you must:
- Find the daily total revenue realized from the sale of 310 units
The additional revenue realized when the production (and sales) level is increased from 210 to 310 units is
Answer:
Mean value is 0 and standard deviation is 1 after all test scores have been standardized by converting them to z-scores using z
Step-by-step explanation:
In a standard normal distribution (also called as <em>Gaussian distribution</em>) all values of the sample can be projected to a normal distribution with mean 0 and standard deviation 1 using their z-scores.
z-score of a value X can be calculated as follows:
z= where
- 50 is the <em>mean of the test scores</em>
- 6 is the <em>standard deviation of test scores</em>