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1 answer:
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Answer:
b)$18
Step-by-step explanation:
The break even point is when the revenue is equal to the cost.
Revenue:
How much the store earns for each shirt.
We want to find the price of each shirt, and 50 shirts will be made.
So the revenue function is:
In which p is the price.
Costs:
A clothing store spends $10 for each shirt it produces and has fixed costs of $400.
So for 50 shirts:
400 + 50*10 = 900
Breakeven
Revenue equals cost
50p = 900
p = 900/50
p = 18
So the correct answer is:
b)$18
Answer:
19.51% probability that none of them voted in the last election
Step-by-step explanation:
For each American, there are only two possible outcomes. Either they voted in the previous national election, or they did not. The probability of an American voting in the previous election is independent of other Americans. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
42% of Americans voted in the previous national election.
This means that
Three Americans are randomly selected
This means that
What is the probability that none of them voted in the last election
This is P(X = 0).
19.51% probability that none of them voted in the last election