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spin [16.1K]
2 years ago
5

Sam is selling homemade cookies to raise money for charity. Each cookie sells for $.50. Sam spent $90 on baking supplies and eac

h cookie will cost $.25 to me. How many cookies does Sam need to sell before making a profit?
Mathematics
1 answer:
Hunter-Best [27]2 years ago
3 0

9514 1404 393

Answer:

  360

Step-by-step explanation:

Sam obtains a "contribution margin" of $0.50 -0.25 = $0.25 per cookie. That will cover the cost of baking supplies when he sells ...

  $90 / ($0.25/cookie) = 360 cookies

Sam needs to sell 360 cookies before he can start making a profit.

_____

If you like, you can find Sam's break-even point by equating revenue and cost. The is the number of cookies Sam must sell for a profit of 0, that is, for non-negative profit.

  P = R - C

  0 = R - C

  R = C

  0.50n = 90 +0.25n

  0.25n = 90 . . . . subtract 0.25n

  n = 90/0.25 = 360 . . . .divide by the coefficient of n

You may notice this is similar to our description above.

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If you roll two dices, what is your probability not get 2 on both dice ?
disa [49]

Answer:

10/12 or 5/6

Step-by-step explanation:

So assuming each dice has 6 sides

6+6=12

12-2=10

10/12 or 5/6

3 0
2 years ago
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Of the total population of American households, including older Americans and perhaps some not so old, 17.3% receive retirement
Alex Ar [27]

Answer:

47.54% probability that more than 20 households but fewer than 35 households receive a retirement income

Step-by-step explanation:

We use the binomial aproxiation to the normal to solve this question.

Binomial probability distribution

Probability of exactly x sucesses on n repeated trials, with p probability.

Can be approximated to a normal distribution, using the expected value and the standard deviation.

The expected value of the binomial distribution is:

E(X) = np

The standard deviation of the binomial distribution is:

\sqrt{V(X)} = \sqrt{np(1-p)}

Normal probability distribution

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

When we are approximating a binomial distribution to a normal one, we have that \mu = E(X), \sigma = \sqrt{V(X)}.

In this problem, we have that:

p = 0.173, n = 120. So

\mu = E(X) = np = 120*0.173 = 20.76

\sigma = \sqrt{V(X)} = \sqrt{np(1-p)} = \sqrt{120*0.173*0.827} = 4.14

In a random sample of 120 households, what is the probability that more than 20 households but fewer than 35 households receive a retirement income?

We are working with discrete values, so this is the pvalue of Z when X = 35-1 = 34 subtracted by the pvalue of Z when X = 20 + 1 = 21.

X = 34

Z = \frac{X - \mu}{\sigma}

Z = \frac{34 - 20.76}{4.14}

Z = 3.2

Z = 3.2 has a pvalue of 0.9993

X = 21

Z = \frac{X - \mu}{\sigma}

Z = \frac{21 - 20.76}{4.14}

Z = 0.06

Z = 0.06 has a pvalue of 0.5239

0.9993 - 0.5239 = 0.4754

47.54% probability that more than 20 households but fewer than 35 households receive a retirement income

6 0
3 years ago
You buy a new laptop for $300$300. The sales tax is 6%6%. What is the total cost for the laptop including the sales tax?
cricket20 [7]

Answer:

Cost Including tax would be $318

Step-by-step explanation:

Given:

Price of laptop = $300

Sales tax = 6% of price

To Find:

Cost with tax = ?

Solution:

Cost with tax = Price of laptop + Value of tax

We have to find the value of tax

Value of tax = 6% of Price

putting the value

Value of tax = 6 % * $300

                     =\frac{6}{100}*300

                     = $18

Now Cost with tax = Price of laptop + Value of tax

Putting in the value

Cost with tax = 300 + 18

                      = $318

So Cost Including tax would be $318


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anastassius [24]

Answer:

I dont understand

Step-by-step explanation:

What is it you need help with?

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Professor Green is interested in determining the average SAT score for the entire population of individuals who took the SAT. Sh
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Answer:

Descriptive statistics

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The population average is a descriptive statistic. It informs about how the population looks like, in this case, the population looks like having a average of 1000.

If, using her class's average where to infer the population average that is inferential statistic. But that is not the case

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