Music Co charges a fee of $20 a month plus $1 per song Jams charges no monthly fee but $3 per song. How many songs would have to
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Answer: 68
Step-by-step explanation:
Formula for sample size when prior estimate of population proportion (p) is available:
, where z*= critical-value.
E= Margin of error.
Let p be the population proportion of trees are infected with the citrus red mite.
As per given , we have
E= ± 0.08
The critical z-value corresponding to 90% confidence level = z*=1.645
Substitute all the values in the above formula , we get
Required sample size :
[Rounded to next integer.]
Thus, the minimum sample size should be taken =68
so solve for "x", to see how much is the company paying for the purchase of 1 minute
now, they're plan to sell the minute for 8cents, how much is the profit?
that is, the difference from their cost of the cents to the planned selling price.
bear in mind, is 46,000,000 minutes, so whatever value you get for 1minute,
you need to multiply it for 46,000,000 to get the actual cost.
and the revenue from the sell of 8cents per minute, is of course, 8 * 46,000,000
profit = revenue - cost