Option A: 156 + 179 + 25 + 25 = $385
Option B: 334 + 15 + 15 = $364
Option B is cheaper. 10% of $364 is $36.40. That is what you would save with the third option.
In order to find the number of chips that would result in the minimum cost, we take the first derivative of the given equation. Note that the derivative refers to the slope of the graph at a given point. We can utilize this concept knowing that at the minimum or maximum point of a graph, the slope is zero.
Taking the derivative of the given equation and equating it to zero, we have:
y' = (0.000015)(2)x - (0.03)x° + 0
0 = (0.00003)x - 0.03
Solving for x or the number of chips produced, we have x = 1000. We then substitute this value in the given equation, such that,
y = (0.000015)(1000)² - (0.03)(1000) + 35
The minimized cost, y, to produce 1000 chips is then calculated to be $20.
Y=x².
This is te function of a parabola open upward
the domain is all values of x ={x/x∈z}
Answer:
Option a) Mean
Mean is affected a lot by the change in the last observation as the median remains the same.
Step-by-step explanation:
we are given the following in the question:
Data set A: 64, 65, 66, 68, 70, 71, 72
Data set B: 64, 65, 66, 68, 70, 71, 720
For data set A, the mean and median are 68.
For data set B:
Formula:
Sorted data:
64, 65, 66, 68, 70, 71, 720
Clearly, 720 is the is a outlier.
As seen mean is affected a lot by the change in the last observation as the median remains the same.
