A. Total Revenue (R) is equal to price per dive (P) multiplied by number of customers (C). We can write 
.
Per price increase is $20. So four price increase is $
. Hence, price per dive is 100+80=$180.
Also per price increase, 2 customers are reduced from 30. For 4 price increases, 
customers are reduced. Hence, total customers is 
.
So Total Revenue is:
B. Each price increase is 20. So x price increase is 20x. Hence, new price per dive would be equal to the sum of 100 and 20x.
Also per price increase, customers decrease by 2. So per x price increases, the customer decrease is 2x. Hence, new number of customers is the difference of 30 and 2x.
Therefor we can write the quadratic equation for total revenue as the new price times the new number of customers.
C. We are looking for the point (x) at which the equation modeled in part (B) gives a maximum value of revenue (y). That x value is given as 
, where a is the coefficient of 
and b is the coefficient of x. So we have,
That means, the greatest revenue is achieved after 5 price increases. Each price increase was 20, so 5 price increase would be 
. So the price that gives the greatest revenue is 
.
ANSWERS:
A. $3960
B. 
C. $200
Answer:
b. A binomial variable with 25 independent trials
Step-by-step explanation:
The conducted experiment is binomial experiment because outcome can be divided into success or failure. The success would be the people who read novel in the past year and also responses are independent of each other. We have to find the number of trials n in the given problem.
we are given that variance of R=6 and p=probability of success=0.4.
We know that variance of binomial distribution is
Variance=npq
where q=1-p=1-0.4=0.6.
By putting the values in variance formula, we can get the value of n.
6=n*0.4*0.6
6=0.24*n
n=6/0.24
n=25
Hence, random variable R is a binomial variable with 25 independent trials.
Answer:
Option 2
Step-by-step explanation:
2 + ¾(t) > 10
¾(t) > 8
t > 32/3
t > 10 ⅔
take 16+5=21. 29-21=8 so answer is 8
The Malcontents' major complaints were that the Trustees had placed too many limitations on the ownership of land, the right to make and to buy alcohol, and the right to own slaves.
