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zhuklara [117]
3 years ago
12

A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this,

the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependent variable, the company will conduct a simple linear regression on the data below: What is the estimated average change in the sales of the candy bar if price goes up by $1.00?
Mathematics
1 answer:
Alik [6]3 years ago
7 0

Answer:

-48.19

Step-by-step explanation:

Given the data:

City Price ($) Sales

River Falls 1.30 100

Hudson 1.60 90

Ellsworth 1.80 90

Prescott 2.00 40

Rock Elm 2.40 38

Stillwater 2.90 32

We could obtain a simple regression model of the data above using a linear regression calculator :

The regression model obtained is :

ŷ = -48.19277X + 161.38554

The change in sales per unit change in price is the value of the slope or gradient :

From the general linear regression equation :

y = mx + c

m = slope ;

Slope = - 48.19 ; hence, there is a drop in sales by about 48 units as the change in sales as the price of candy bar goes up by about $1.00

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Molly opened a bank account. She deposited $86.50 into her account every month for 20 months. She used $24.50 every month to pay
anastassius [24]

She spent $310 on the singing camp.

MY WORK:

I multiplied $86.50*20 because $86.50 is the amount she deposited for 20 months. $86.50*20=$1740.00

Then I multiplied $24.50*20 because she spent $24.50 for 20 months. $24.50*20= $490.00

Then I subtracted $1740.00-$490.00 because she spent $490 out of her bank account. $1740.00-$490.00=$1240.00

Finally, because its 1/4 of her money, I divided $1240.00 by 4. $1240 divided by 4= $310

Hope this helps!!

:)

8 0
3 years ago
Tawnee is designing a playground in the shape of a rectangle. If Tawnee increases the length and width of the playground by a sc
svetlana [45]

Answer:

We conclude that If Tawnee increases the length and width of the playground by a scale factor of 2, the perimeter of the new playground will be twice the perimeter of the original playground.

Step-by-step explanation:

We know that the perimeter of a rectangle = 2(l+w)

i.e.

P = 2(l+w)

Here

  • 'l' is the length
  • 'w' is the width

Given that the length and width of the playground by a scale factor of 2

A scale factor of 2 means we need to multiply both length and width by 2.

i.e

P = 2× 2(l+w)

P' = 2 (2(l+w))

    = 2P      ∵ P = 2(l+w)

Therefore, we conclude that If Tawnee increases the length and width of the playground by a scale factor of 2, the perimeter of the new playground will be twice the perimeter of the original playground.

4 0
3 years ago
Read 2 more answers
Tara is the editor of the school newspaper. She tries to devote about 1/2 of the paper to news, 1/3 to pictures, and the remaind
Klio2033 [76]
5/6 of the paper is devoted to news and pictures

first I made the fraction have equal denominators which was 6 by doing that I multiplyed the numerator and the denominator

1/2
1×3=3
2×3=6
therefore 1/2 being equivalent to 3/6


1/3
1×2=2
3×2=6
therefore 1/3 being equivalent to 2/6

now you would be able to add the numerators, so 2+3=5
therefore being 5/6 of the paper is devoted to news and pictures
4 0
3 years ago
When an oil tank is 7/12 full, it contains 5 1/4 gallons. How many gallons does it hold when full
blondinia [14]
<h3>Answer:</h3>

The tank can hold up to 9 gallons.

Quick Review:

By doing the inverse of 7/12, 12/7, when you multiply it, you'll get a value of 1.

7/12 * 12/7 = 1

Doing the Problem:

By multiplying 5 1/4 by 12/7, you'll get the answer. But first, convert 5 1/4 into an improper fraction.

5 1/4 ---> 21/4

Okay, lets go!

21/4 * 12/7 = 252/28

<u>When reduced, this gives you the answer 9/1, or 9 gallons.</u>

Hope that helps, :)

6 0
3 years ago
50 POINTS GIVEAWAY!!!!!
Tema [17]

Answer:

1

Step-by-step explanation:

9 - 3/(1/3) + 1 = 1

4 0
3 years ago
Read 2 more answers
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