Answer:
Y= x-7
Step-by-step explanation:
The total revenue of the function is the product of the quantity and the price
The total revenue in terms of P is TR = 20P - 0.01P^2
<h3>How to determine the total revenue?</h3>
The demand and the cost functions are given as:
Quantity function, Q = 20 - 0.01P
Cost function, C(Q)=60+6Q
The total revenue is calculated as:
TR = Q * P
Substitute Q = 20 - 0.01P in the above equation
TR = P * [20 - 0.01P]
Evaluate the product
TR = 20P - 0.01P^2
Hence, the total revenue in terms of P is TR = 20P - 0.01P^2
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brainly.com/question/25623677
Answer:
0.1971 ( approx )
Step-by-step explanation:
Let X represents the event of weighing more than 20 pounds,
Since, the binomial distribution formula is,

Where, 
Given,
The probability of weighing more than 20 pounds, p = 25% = 0.25,
⇒ The probability of not weighing more than 20 pounds, q = 1-p = 0.75
Total number of samples, n = 16,
Hence, the probability that fewer than 3 weigh more than 20 pounds,




