Let:
x = Pounds of walnuts in the mix.
Each pound of walnuts costs $0.80. thus x pounds of walnuts cost 0.8x dollars.
Each pound of cashews costs $1.25 and the mix will contain 8 pounds of cashews, so the cost is 8*$1.25 = $10
The total cost of the mix is, therefore: 0.8x + 10 dollars.
We are also given the pound of mix costs $1.00 and we have a total of 8 + x pounds, so the total cost of the mix is 1*(8 + x) dollars.
Equating both costs:
0.8x + 10 = 1*(8 + x)
Operating:
0.8x + 10 = 8 + x
Subtracting x and 10:
0.8x - x = 8 - 10
Simplifying:
-0.2x = -2
Dividing by -0.2:
x = -2/(-0.2)
x = 10
Answer: 10 pounds
Answer:
4 1/3 hours
Step-by-step explanation:
Since he will have completed 7 hours AFTER 2 2/3 more hours, he has completed 7- 2 2/3 = 4 1/3 hours so far
Answer:
Victor runs a small sandwich shop. He decides to start offering bags of chips to his customers. He finds a supplier where he can buy chips for $0.30 per bag. Victor needs to determine how much to charge for the chips at his shop. He does some research by talking to other nearby sandwich shop owners. The table below shows their sales per week for two different prices. (The values are: 150 bags sold, for $1.00 per bag, and 350 bags sold, for $0.50 per bag.) Victor believes that there is a linear relationship between the number of bags sold and the price. Victor wants to price the bags of chips so that he will maximize his profits. Determine the price Victor should charge for a bag of chips. Use the equation P(x)=R(x)-C(x), where P(x) represents profit, R(x) represents revenue, and C(x) represents cost. Each is a function of the number of bags of chips sold, x. Round your answer to the nearest nickel.
Step-by-step explanation:
Victor runs a small sandwich shop. He decides to start offering bags of chips to his customers. He finds a supplier where he can buy chips for $0.30 per bag. Victor needs to determine how much to charge for the chips at his shop. He does some research by talking to other nearby sandwich shop owners. The table below shows their sales per week for two different prices. (The values are: 150 bags sold, for $1.00 per bag, and 350 bags sold, for $0.50 per bag.) Victor believes that there is a linear relationship between the number of bags sold and the price. Victor wants to price the bags of chips so that he will maximize his profits. Determine the price Victor should charge for a bag of chips. Use the equation P(x)=R(x)-C(x), where P(x) represents profit, R(x) represents revenue, and C(x) represents cost. Each is a function of the number of bags of chips sold, x. Round your answer to the nearest nickel.
Answer: 
Step-by-step explanation:
The confidence interval estimate for the population mean is given by :-
, where 
is the sample mean and ME is the margin of error.
Given : Sample mean: 
The margin of error for a 98% confidence interval estimate for the population mean using the Student's t-distribution : 
Now, the confidence interval estimate for the population mean will be :-
Hence, the 98% confidence interval estimate for the population mean using the Student's t-distribution =
