For each of the possible outcomes add the numbers on the two dice and count how many times this sum is 7. If you do so you will find that the sum is 7 for 6 of the possible outcomes. Thus the sum is a 7 in 6 of the 36 outcomes and hence the probability of rolling a 7 is 6/36 = 1/6.
For a smoothing constant of 0.2
Time period – 1 2 3 4 5 6 7 8 9 10
Actual value – 46 55 39 42 63 54 55 61 52
Forecast – 58 55.6 55.48 52.18 50.15 52.72 52.97 53.38 54.90
Forecast error - -12 -.6 -16.48 – 10.12 12.85 1.28 2.03 7.62 -2.9
The mean square error is 84.12
The mean forecast for period 11 is 54.38
For a smoothing constant of 0.8
Time period – 1 2 3 4 5 6 7 8 9 10
Actual value – 46 55 39 42 63 54 55 61 52
Forecast – 58 48.40 53.68 41.94 41.99 58.80 54.96 54.99 59.80
Forecast error - -12 6.60 -14.68 0.06 21.01 -4.80 0.04 6.01 -7.80The mean square error is 107.17
The mean forecast for period 11 is 53.56
Based on the MSE, smoothing constant of .2 offers a better model since the mean forecast is much better compared to the 53.56 of the smoothing constant of 0.8.
Answer:
9
Step-by-step explanation:
The equation says y = x + 9
Therefore, y = 9 since x = 0 on the y axis.
Picture of graph also attached :)
Answer:
(4,5)
Step-by-step explanation:
Represent the number of days by x. With this representation, the variable cost of the rental is 31.67x. The total cost is the sum of the fixed and variable costs. This value should not be more than $500. The equation below shows the relationship.
130 + 31.67x ≤ 500
Solving for x gives x ≤ 11.68
Thus, the maximum number of days to rent the car is only 11 days.
