Answer:
Option D : $20
Step-by-step explanation:
The average total cost to produce 100 oatmeal cookie = $0.25 per cookie.
So, total cost for 100 cookies will be = dollars
The company’s marginal cost is constant at $0.10 for all oatmeal cookies produced.
When 50 cookies are produced, the marginal cost will be = dollars
The total cost to produce 50 oatmeal cookies = dollars
Hence, option D is correct.
Answer:
37th percentile.
Step-by-step explanation:
We have been given a data set that represents the ages of 36 executives. We are asked to find the percentile that corresponds to an age of 41 years.
28, 29, 29, 32, 32, 33, 34, 34, 34, 34, 37, 37, 38, 41, 41, 42, 45, 45, 47, 47, 47, 48, 50, 51, 53, 56, 56, 56, 61, 61, 62, 63, 64, 64, 65, 66.
Let us count the number of data points below and at 41.
We can see that the number of data points at and below 41 is 13.
We will use percentile formula to solve our given problem.
Therefore, the percentile rank that corresponds to age of 41 years old is 37th percentile.
Explanation:
Since we have given that
The prices of three t-shirts styles i.e $24, $30, $36 with their probability is given by
As we know that,
Now,
and
So,
So, the expected value of a t-shirt = $31.