30 I think but this is probably a trick question so I'm just gonna assume I'm wrong.
Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
% change of price of FedEx
%change in Quantity demanded of UPS
using Mid-point method = <u> Q2-Q1 </u> × 100
(Q1+Q2)÷ 2
= <u>1.3-1.2 </u> × 100
(1.2+1.3)÷2
= <u>0.1 </u> × 100
1.25
= 8%
% change in price of FedEx
using midpoint method =<u> P2-P1 </u>× 100
(P1+P2)÷ 2
=<u> 75-65 </u>× 100
(65+75)÷2
=<u> 10 </u> × 100
70
= 14.28%
Cross-price Elasticity of Demand = 8% ÷ 14.28%
using midpoint method = 0.56
Let x represent the amount of money he invested at 11% and y money he invested at 12%. Now we write system of equations:
x*1.11 + y*1.12 = 70 000 + 7900
x + y = 70 000
We will multiply second equation with 1.11
x*1.11 + y*1.11 = 77700
and subtract if from first:
0.01*y = 200
y = 20000
x = 70000 - 20000 = 50000
The number of times the spinner landed on a space numbered greater than 4 = 167
Step-by-step explanation:
Step 1 :
Given,
Number of equal area spaces in the spinner = 6
Number of times the spinner was spun = 500
We need to find the number of times the spinner landed on a space numbered greater than 4
Step 2 :
Total number of outcome = 6
Favorable outcomes are = Numbers greater than 4 = 5,6
Total number of favorable outcome = 2
Therefore Probability that the spinner will land on a number that is greater than 4 is
= 
The number of times that the spinner landed on a space numbered greater than 4 = 500 ×
= 166.67 = 167 (rounded off to the nearest integer)
Step 3 :
Answer :
The number of times the spinner landed on a space numbered greater than 4 = 167
Answer:
$847
Step-by-step explanation: