(-2.8)_0 what is greater than or less than
1 answer:
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Answer:
A) (17 ; 550)
B) $17/item
C) 550
Step-by-step explanation:
First we must calculate the intersection point of the two lines. Since in that point <em>y</em> has the same value in both equations, we can obtain <em>x </em>by equalling the two equations and then using that value for obtaining <em>y</em>:
So the value of <em>x</em> in the intersection point is 17. We now use this value with either one of the equations to obtain <em>y</em><em>. </em>Let's use the supply equation:
So the intersection point is (17 ; 550)
Supply and demand are in equilibrium when the amount of items on supply are the same as the ones on demand. That is the point were the two lines intersect, which means the selling price is the <em>x</em> coordinate and the amount of items is the <em>y</em> coordinate, so that is a selling price of <em>$17/item</em> with a number of items of <em>550</em>.
Answer:
a) P(2)=0.270
b) P(X>3)=0.605
c) P=0.410
Step-by-step explanation:
We know that customers arrive at a grocery store at an average of 2.1 per minute. We use the Poisson distribution:
a) In this case:
Therefore, the probability is P(2)=0.270.
b) In this case:
Therefore, the probability is P(X>3)=0.605.
c) We know that two customers came in in the first minute. That is why we calculate the probability of at least 5 customers entering the other 2 minutes.
In this case:
Therefore, the probability is P=0.410.