Hange each decimal or mixed decimal to a percent. a. 0.73 b. 0.023 c. 0.176 d. 2.415

If the store currently charges a price of $50, then increases that price to $60, what happens to total revenue from shoe sales (

Goryan [66]

Answer:

<h2>Revenue will decrease</h2>

Step-by-step explanation:

Note: the question did not provide the quantity to work with, so we will assume some values, say quantity Q= 30

Generally, it is normal for the revenue to decrease when the price of a commodity increase, this is so that buyer will have to react to adjust to the change in price.

When price increase from $50 to $60, the total revenue will decrease

let say the quantity Q1=30 , and the new quantity after price increase is Q2=20

1. The revenue PxQ before price change will be

PxQ= P1xQ1=50*30

PxQ= $1500

1. The revenue PxQ after price change will be

PxQ=P2xQ2= 60*20

P2xQ2= $1200

This clearly shows that based on the assumed data, the total revenue will drop from1500 to 1200, a total of $300 in a decrease

4 0

2 years ago

In 2015 as part of the General Social Survey, 1289 randomly selected American adults responded to this question:

Radda [10]

Answer:

B (0.312, 0.364)

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of $\pi$ , and a confidence interval $1-\alpha$ , we have the following confidence interval of proportions.

$\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}$

In which

z is the zscore that has a pvalue of $1 - \frac{\alpha}{2}$

For this problem, we have that:

1289 randomly selected American adults responded to this question. This means that $n = 1289$ .

Of the respondents, 436 replied that America is doing about the right amount. This means that $\pi = \frac{436}{1289} = 0.3382$ .

Determine a 95% confidence interval for the proportion of all the registered voters who will vote for the Republican Party. 

So $\alpha = 0.05$ , z is the value of Z that has a pvalue of $1 - \frac{0.05}{2} = 0.975$ , so $z = 1.96$ .

The lower limit of this interval is:

$\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.3382 - 1.96\sqrt{\frac{0.3382*0.6618}{1289}} = 0.312$

The upper limit of this interval is:

$\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.3382 + 1.96\sqrt{\frac{0.3382*0.6618}{1289}} = 0.364$

The 95% confidence interval is:

B (0.312, 0.364)

5 0

2 years ago

If f(x) = x and g(x) = 2x + 7, what is f[90X)] when g(x) = 11?

kumpel [21]

$\bf \begin{cases} f(x) = x\\ g(x) = 2x+7 \end{cases}~\hspace{7em}g(x)=11\implies \stackrel{g(x)}{11}=2x+7 \\\\\\ 4=2x\implies \cfrac{4}{2}=x\implies \implies \boxed{2=x} \\\\[-0.35em] ~\dotfill\\\\ f[90x]\implies f\left[90\left( \boxed{2} \right)\right]\implies f(180)=\stackrel{x}{180}$