Answer:
It is m(x) = 20,000(0.97)^x.
Step-by-step explanation:
After 1990, each year has (100-3) = 97% ( or 0.97) of visitors that it had the previous year.
So m(x) = 20,000(0.97)^x (answer).
Answer:
The probability that the yellow M&M came from the 1994 bag is 0.07407 or 7.407%
Step-by-step explanation:
Given
Before 1995
(Br) Brown = 30%
(Y) Yellow = 20% =0.2
(R) Red = 20%
(G) Green =10% =0.1
(O) Orange = 10%
(T) Tan = 10%
After 1995
(Br) Brown = 13%
(Y) Yellow = 14% =0.14
(R) Red = 13%
(G) Green = 20%
= 0.2
(O) Orange = 16%
(Bl) Blue = 24%
Since there are two bags, let A be the bag from 1994, and B be the bag from 1996
Then let AY imply we drew a yellow M&M from the 1994 bag
AG implies we drew a green M&M from the 1994 bag
BY implies imply we drew a yellow M&M from the 1996 bag
BG implies we drew a green M&M from the 1996 bag
P(AY) =0.2
P (BY) = 0.14
P(AG) =0.1
P(BG) =0.2
Since the draws from the 1994 and 1996 bag are independent,
therefore

The draws can happen in either of the 2 ways in (1) and (2) above
therefore total probability E is given as
E =
For the yellow one to be from 1994, it implies that the event to be chosen is

Since the total probability is given as E=0.054
then 
Concluding statement: This is the condition for the Yellow one to come from 1994 and green from 1996 provided that they obey the condition from E
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
The expression 120+4x represents the cost of producing x items. The selling price is $5 for each item.
<u>The net income formula:</u>
y= (5 - 4)x - 120
(5-4)= contribution margin per unit sold (x)
120= fixed costs
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 120 / 1
Break-even point in units= 120 units
Prove:
y= 1*120 - 120
y= 0
Answer:
$13.20/hr
Step-by-step explanation:
A 10% wage increase would amount to 0.10($12) = $1.20. Adding this increase to the starting rate $12/hr results in $13.20/ hr.
A faster way in which to do this is shown below:
Wages after a 10% increase = (1.10)($12/hr) = $13.20/hr