Answer:
a) P(x)=14x-224,000 and b) P(21,000)=70,000.
Step-by-step explanation:
a.) Use the formulas shown to write the company's profit function, P, from producing and selling x radios.
The company's profit is given by its revenue minus the production cost. Then, the profit function P(x) will be given by
b.) Find the company's profit if 21,000 radios are produced and sold
To obtain the company's profit we just need to substitute the value given (x=21,000) in the formula 1). Therefore,
.
Answer:
The answer to the question is;
The probability that the resulting sample mean of nicotine content will be less than 0.89 is 0.1587 or 15.87 %.
Step-by-step explanation:
The mean of the distribution = 0.9 mg
The standard deviation of the sample = 0.1 mg
The size of the sample = 100
The mean of he sample = 0.89
The z score for sample mean is given by
where
X = Mean of the sample
μ = Mean of the population
σ = Standard deviation of the population
Therefore Z = = -1
From the standard probabilities table we have the probability for a z value of -1.0 = 0.1587
Therefore the probability that the resulting sample mean will be less than 0.89 = 0.1587 That is the probability that the mean is will be less than 0.89 is 15.87 % probability.