The inverse demand function of the given demand function is <u>p = 50 - q/2</u>.
A graph that depicts the relationship between a product's price and demand is called a demand curve. On a demand graph, the horizontal axis represents the amount desired, while the vertical axis represents the product's price.
The price is a function of the quantity required when there is an inverse demand curve. The inverse of a demand curve indicates that variations in the amount required cause changes in price levels. The formula for calculating the demand curve for a product yields the graph of an inverse demand curve.
Given demand function: q = 100 - 2p.
To find the inverse demand function, we find the inverse of the equation, by isolating p, to get:
q = 100 - 2p,
or, 2p = 100 - q,
or, p = 100/2 - q/2,
or, p = 50 - q/2.
Thus, the inverse demand function of the given demand function is <u>p = 50 - q/2</u>.
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Answer: 1 1/2 or 6/4
Step-by-step explanation:
Answer: c) About 16% of the variation in value of the car is explained by a linear relationship with the age of the car.
e) The correlation coefficient, r, is 0.397.
Step-by-step explanation:
Given that:
Coefficient of determination (r²) between two variables, age of car (x) and value of car (y) = 0.158
Correlation of determination (r²) of 0.158 = (0.158 × 100% = 15.8% of the variation between the two variables can be explained by the regression line). Hence, about 16% of the variation between age and value of car can be explained by the linear relationship.
Coefficient of correlation (r) = sqrt(r²) = sqrt(0.158) = 0.397
Answer:
y = k/(x+2) squared
substitute y and x to find the value of k.
k =50
nxt used the value of k with same formula:.
y= 50/ (8+2) squared
y =1/2
His score changed by 110 points.
Explanation: 3*30=90 & 200-90=110 points
