Answer:
The answer is below
Step-by-step explanation:
From the table, the mean (μ) = 1390.75 and the standard deviation (σ) = 518.75
The confidence level (C) = 90% = 0.9
α = 1 - C = 1 - 0.9 = 0.1
α/2 = 0.1 / 2 = 0.05
The z score of α/2 (0.05) is the same as the z score of 0.45 (0.5 - 0.05) which is equal to 1.645.
The margin of error (E) is given as:
The confidence interval = μ ± E = 1390.75 ± 228.07 = (1162.68, 1618.82)
The confidence interval is between 1162.68 and 1618.82.
Answer:
Step-by-step explanation:
We are given the following in the question:
A storage shed is to be built in the shape of a (closed) box with a square base.
Volume = 150 cubic feet
Let s be the edge of square base and h be the height.
Volume of cuboid =
where l is the length, b is the base and h is the height.
Volume of box =
Area of base =
Cost of concrete for the base = $4
Cost of base($) =
Area of roof =
Cost of material for the roof = $2
Cost of roof ($) =
Area of 4 walls =
Cost of material for the side = $2.50
Cost of material of side($) =
Total cost
= Cost of base + Cost of 4 sides + Cost of roof
is the required cost function.
We know that:
Profit = Revenue - Cost
Let us say x number of candies are made per week.
Finding Cost per week:
Cost of making 1 bar = 0.15
Cost of making x bars = 0.15x
Fixed rate of making candies per week = 600
Total cost of making x candies per week = 600 + 0.15x
Now let us find Revenue:
Selling price of each bar = 1.50
Selling price of x bars = 1.50x
Now we have to find profit,
Profit = Revenue - Cost
In order to have profit Revenue - Cost >0
So plugging values of revenue and cost to get number of candies,
x>444.44
Rounding off
x>444
Answer: The company must sell greater than 444 candies in order to make profit.