Answer:
Step-by-step explanation:
First, note this parameters from the question.
We let x = number of $5 increases and number of 10 decreases in plates sold.
Our Revenue equation is:
R(x) = (300-10x)(10+5x)
We expand the above equation into a quadratic equation by multiplying each bracket:
R(x) = 3000 + 1500x - 3000x - 1500x^2
R(x) = -1500x^2 - 1500x + 3000 (collect like terms)
Next we simplify, by dividing through by -1500
= 1500x^2/1500 - 1500x/1500 + 3000/1500
= X^2 - x + 2
X^2 - x + 2 = 0
Next, we find the axis of symmetry using the formula x = -b/(2*a) where b = 1, a = 1
X = - (-1)/2*1
X = 1/2
Number of $5 increases = $5x1/2 = $2.5
=$2.5 + $20 = $22.5 ticket price gives max revenue.
PVAO=9500[(1-(1+0.078)^(-4))/0.078]
PVAO=31605.79
So the answer is 31606
Answer:
a)Slope:
Intercept:
b)
And the determination coeffecient is
Step-by-step explanation:
Data given and definitions
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
The sum of squares "is the sum of the square of variation, where variation is defined as the spread between each individual value and the grand mean"
When we conduct a multiple regression we want to know about the relationship between several independent or predictor variables and a dependent or criterion variable.
n=110,

Part a
The slope is given by this formula:
If we replace we got:
We can find the intercept with the following formula
We can find the average for x and y like this:
And replacing we got:
Part b
In order to calculate the correlation coefficient we can use this formula:
For our case we have this:
n=110,
So we can find the correlation coefficient replacing like this:
And the determination coeffecient is
<span>Three powers with whole number bases that have values greater than 120 and less than 130 are:
</span>11² = 11 x 11 = 121
<span>5³ = 5 x 5 x 5 =125 </span>
<span>2⁷ = 2 x 2 x 2 x 2 x 2 x 2 x 2 = 128
</span>