Answer:
Step-by-step explanation:
Both 115 and 145 mph are above the mean. Draw a normal curve and mark these speeds. 115 mph is 1 standard deviation above the mean; 130 would be 2 standard deviations above the mean; and 145 would be 3 s. d. above it.
We need to find the area under the standard normal curve between 115 and 145. This is equivalent to the area under the standard normal curve between z = 1 and z = 3.
I used my TI-83 Plus calculator's DISTR function "normalcdf(" to calculate this area: normalcdf(1, 3) = 0.1573.
The area between z = 1 and z = 3 is 0.1573. In other words, the percentage of serves that were between 115 and 145 mph was 15.73%.
Answer:
a) Revenue function = 1.299r + 1.379p
where: r = gallon of unleaded regular gasoline and p = gallon of regular unleaded premium gasoline
b) cost function = 1.219f + 1.289p
c) profit function = (1.299r + 1.379p) - (1.219f + 1.289p) = 1.299r - 1.219r + 1.379p - 1.289p = 0.08p + 0.09p
d) total profit = (0.08 x 100,000) + (0.09 x 40,000) = $8,000 + $3,600 = $11,600
Answer:
3
Step-by-step explanation:
