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vladimir1956 [14]
2 years ago
8

You have been hired as a marketing consultant to Johannesburg Burger Supply, Inc., and you wish to come up with a unit price for

its hamburgers in order to maximize its weekly revenue. To make life as simple as possible, you assume that the demand equation for Johannesburg hamburgers is linear. (a) Your market studies reveal the following sales figures: When the price is set at $2.00 per hamburger, the sales amount to 6000 per week, but when the price is set at $4.00 per hamburger, the sales drop to zero. Use these data to find the linear demand function q(p), where p is the price per hamburger and q is the number of hamburgers they sell at that price per week.
Mathematics
1 answer:
kotegsom [21]2 years ago
6 0

Answer:

q(p)= -3000p+12000

Step-by-step explanation:

For the function to be linear,

q(p)= mp + c

where

q(p): number of hamburgers sold

p: price per hamburger

m: gradient of the function

c: constant of the function

q(p)=6000 when p=2

6000=2m+c .................... equation I

0=4m+c

c=-4m........................ equation II

Substitute value of c in equation I

6000=2m-4m

m= -3000

c=12000

q(p)= -3000p+12000

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To solve this problem you must apply the proccedure shown below:
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2 years ago
Select the correct interpretation of the probability of getting an 11 when a pair of dice is rolled. Interpret an event as signi
klio [65]

Answer:

c. Not significant at .055

Step-by-step explanation:

When a pair of dice is rolled, we have 6²=36 possible outcomes. Only 2 of these outcomes have a total score of 11:

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Then, we can calculate the probability of getting 11 as the quotient between the successs outcomes and the total outcomes.

Then, the probability of getting 11 is:

P=\dfrac{X}{N}=\dfrac{2}{36}=0.055

This probability is not equal or less than 0.05, so it is not significant at 0.055.

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Answer: (3y - 5) • (2y - 3)

Step-by-step explanation:      6y2 - 10y - 9y - 15

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each trial is independent because we are assuming that the population of drivers in between 21 and 25 years old is very big.

The probability that one of them was under alcohol influence can be found by finding the probability that non of them was under alcohol influence because:

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p(x ≥ 1) = 1 - p(0)

The probability that none of them was under alcohol influence is going to be:

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The probability of finding at least one driver that has been under alcohol influence is:

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