The proportion of the drinks having the cost of more than 4 dollars in a coffee shop is two thirds.
<h3>What is a Uniform Density Curve?</h3>
Uniform Density Curve is given as the curve with the rectangle shape defining all the probabilities given for an outcome are identical.
The uniform density curve for the coffee shop have the been plotted as cost of drinks. The x-axis is the representation of the cost, and the plot is formulated one third from 3-6.
From the uniform density curve, the proportion of the drinks that are found to be costing in more than 4 dollars are two third, as one third lies for the cost up to 3 dollars.
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Answer:
<em><u>50% </u></em>
Explanation:
f f
F Ff Ff
f ff ff
There are two Ff and two ff
Thus, the percentage of their offspring that would be expected to have feather shanks is
100 = 50%
Answer:
In a balanced chemical equation the number of individual particles and the number of moles of particles are represented by the <em>COEFFICIENTS</em><em> </em>
Explanation:
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Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________