The break-even point occurs when the cost function equals the revenue function: 550 + 3.00x = 5.50x
Naturally Made needs to sell 220 products to break even
The cost or revenue when it sells the break-even number of products will be $1,210
X = 2
4x + 8 = 16
-8 -8
----------------
4x= 8
-- --
4 4
------------
x=2
Answer:
Time taken by the un powered raft to cover this distance is T = 192.12 hr
Step-by-step explanation:
Let speed of boat = u 
Speed of current = v
Let distance between A & B = 100 km
Time taken in downstream = 32 hours
u + v = 3.125 ------ (1)
Time taken in upstream = 48 hours
u - v = 2.084 ------- (2)
By solving equation (1) & (2)
u = 2.6045
v = 0.5205
Now the time taken by the un powered raft to cover this distance
Because un powered raft travel with the speed of the current.
T = 192.12 hr
Therefore the time taken by the un powered raft to cover this distance is
T = 192.12 hr
A) In order to create a sampling plan, you need to follow the following 5 steps:
1) Define the sample population: who are the customers you want to contact?
The costumers who bought a new car on a certain year.
2) Define the size of population: how many customers are you going to contact?
Of the 30000 customers who bought a car, you want to contact 1000 customers.
3) Define the contact options: how are you going to contact the customers?
You have a list of names and addresses, therefore you can send a questionnaire via mail.
4) Form a sampling frame: what is the time or contact frame to get in touch with your customers?
You will send the questionnaires and you will wait two months for the answer.
5) Define the analysis method: is yours a qualitative or quantitative research?
In your case, you want a quantitative research and therefore a probabilistic sampling.
B) The 32.5% probability refers to customers having issues with the power doors locks among the costumers who had problems, it does not consider the customers who did not have any problem or those who had problems after the first 5000 miles.
C) In order to find the probability of a power door lock problem if there have been problems within the first 5000 miles, we need to consider the whole sample:
P = 13 / 1000
= 0.013
Therefore,
N = <span>0.013 </span>× 30000
= 390
Hence, the number of new cars sold that experienced a problem with the power door locks within the first 5000 miles will be 390.
