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2 years ago

Why does demand for a product or service play a significant role in starting a new business?

Mathematics

1 answer:

IrinaVladis [17]2 years ago

4 0

Answer:

Basic economics like demand should important to you whether you run a seasonal business, buy a vacation property for passive income, or run a more traditional firm.

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The weekly amount spent by a small company for in-state travel has approximately a normal distribution with mean $1450 and stand

Llana [10]

Answer:

0.0903

Step-by-step explanation:

Given that :

The mean = 1450

The standard deviation = 220

sample mean = 1560

$P(X > 1560) = P( Z > \dfrac{x - \mu}{\sigma})$

$P(X > 1560) = P(Z > \dfrac{1560 - 1450}{220})$

$P(X > 1560) = P(Z > \dfrac{110}{220})$

P(X> 1560) = P(Z > 0.5)

P(X> 1560) = 1 - P(Z < 0.5)

From the z tables;

P(X> 1560) = 1 - 0.6915

P(X> 1560) = 0.3085

Let consider the given number of weeks = 52

Mean $\mu_x$ = np = 52 × 0.3085 = 16.042

The standard deviation = $\sqrt {n \time p (1-p)}$

The standard deviation = $\sqrt {52 \times 0.3085 (1-0.3085)}$

The standard deviation = 3.3306

Let Y be a random variable that proceeds in a binomial distribution, which denotes the number of weeks in a year that exceeds $1560.

Then;

Pr ( Y > 20) = P( z > 20)

$Pr ( Y > 20) = P(Z > \dfrac{20.5 - 16.042}{3.3306})$

$Pr ( Y > 20) = P(Z >1 .338)$

From z tables

P(Y > 20) $\simeq$ 0.0903

7 0

3 years ago

How do you find an inequality on a graph ?

Helga [31]

There are three steps:Rearrange the equation so "y" is on the left and everything else on the right.Plot the "y=" line (make it a solid line for y≤ or y≥, and a dashed line for y< or y>)Shade above the line for a "greater than" (y> or y≥) or below the line for a "less than" (y< or y≤).

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3 years ago

alexgriva [62]

Let the number of green apples and red apples be 8x and 3x respectively.

Given: 8x-3x =35

=> 5x =35 => x=7

Hence there are 8x=56 green apples and 3x=21 red apples.Ans.

4 0

3 years ago

Read 2 more answers

What is the value of 6x+7y−56x+7y−5 when x = 2 and y = 3?

Bingel [31]

You need to Solve 62+73-562+73-5 which should get you -359

4 0

3 years ago

Your friend, Susannah, manages a sandwich shop. She collects data on the number of turkey sandwiches sold per day for a week. Ex

ExtremeBDS [4]

Susannah's data are illustration of measure of central tendencies

(a) The mean