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marshall27 [118]
2 years ago
10

If demand function is Qd=150+10p and supply function is Qs=300-2p, find the equilibrium price.​

Mathematics
1 answer:
olga nikolaevna [1]2 years ago
8 0

Answer:

qd = qs

150+10p=300-2p

10p+2p=300-150

Step-by-step explanation:

12p=150

P=150÷12

P=12.5

The equilibrium price is 12.5 or 13

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Point C is located 8 inches from point A and 6 inches from point B. Points A and B are 2 inches apart.
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Solve the proportion to determine the value of x4x/15=60/x
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3 years ago
One study reports that 34​% of newly hired MBAs are confronted with unethical business practices during their first year of empl
MaRussiya [10]

Answer:

z=\frac{0.28 -0.34}{\sqrt{\frac{0.34(1-0.34)}{116}}}=-1.364  

p_v =2*P(Z  

The p value obtained was a very high value and using the significance level assumed \alpha=0.05 we have p_v>\alpha so we can conclude that we have enough evidence to FAIl to reject the null hypothesis, and we can said that at 5% of significance the proportion of graduates from the previous year claim to have encountered unethical business practices in the workplace is not significant different from 0.34.  

Step-by-step explanation:

1) Data given and notation

n=116 represent the random sample taken

X represent the number graduates from the previous year claim to have encountered unethical business practices in the workplace

\hat p=0.28 estimated proportion of graduates from the previous year claim to have encountered unethical business practices in the workplace

p_o=0.34 is the value that we want to test

\alpha=0.05 represent the significance level

z would represent the statistic (variable of interest)

p_v represent the p value (variable of interest)  

2) Concepts and formulas to use  

We need to conduct a hypothesis in order to test the claim that the proportion is 0.34 or no.:  

Null hypothesis:p=0.34  

Alternative hypothesis:p \neq 0.34  

When we conduct a proportion test we need to use the z statistic, and the is given by:  

z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}} (1)  

The One-Sample Proportion Test is used to assess whether a population proportion \hat p is significantly different from a hypothesized value p_o.

3) Calculate the statistic  

Since we have all the info requires we can replace in formula (1) like this:  

z=\frac{0.28 -0.34}{\sqrt{\frac{0.34(1-0.34)}{116}}}=-1.364  

4) Statistical decision  

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.  

The next step would be calculate the p value for this test.  

Since is a bilateral test the p value would be:  

p_v =2*P(Z  

The p value obtained was a very high value and using the significance level assumed \alpha=0.05 we have p_v>\alpha so we can conclude that we have enough evidence to FAIl to reject the null hypothesis, and we can said that at 5% of significance the proportion of graduates from the previous year claim to have encountered unethical business practices in the workplace is not significant different from 0.34.  

5 0
3 years ago
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