Answer:
Considering the prediction of people who will fill out the form and receive the refund, the company should expect its net profit to drop to:
- <u>$174.6 per computer tablet</u>.
Step-by-step explanation:
The benefit per tablet before the rebate program is $180 per computer tablet, however, once the rebate program is implemented, 18% of people who purchase their computer tablet are expected to complete the form and obtain the VISA card, which would reduce the benefit as shown below:
- 18% benefit from computer tablets = original benefit - refund value.
- 18% benefit from computer tablets = $180 - $30 = $150
With this we identify that 18% of computer tablets will have a benefit reduced to $150, however, as the remaining percentage of tablets (82%) will still have the benefit of $180, the general benefit must be calculated to have a single value, as it's shown in the following:
- Overall benefit = Percentage of tablets with reimbursement * Benefit of tablets with reimbursement + Percentage of tablets without reimbursement * Benefit of tablets without reimbursement.
- General profit = 18% * 150 + 82% * 180
- <u>General profit = $ 174.6
</u>
By having a $ 30 rebate on 18% of the tablets, the overall benefit drops to $174.6.
Answer:
13 children and 9 adults if the total cost is $152.5
Step-by-step explanation:
Let x children and y adults
x + y = 22 (1)
5.5x + 9y = 125.5 (2)
y = 22 - x
5.5x + 9(22 - x) = 125.5
5.5x + 198 - 9x = 125.5
-3.5x = 125.5 - 198
-3.5x = -72.5
x = 20.7
y = 22 - x = 1.3
Which is not possible
If the total cost is $152.5
x + y = 22 (1)
5.5x + 9y = 152.5 (2)
y = 22 - x
5.5x + 9(22 - x) = 152.5
5.5x + 198 - 9x = 152.5
-3.5x = 152.5 - 198
-3.5x = -45.5
x = 13
y = 22 - 13 = 9
12x50=600 so 60 left
15x50=750 so 60 left
so the administration fee is 60
Answer:
a) p-hat (sampling distribution of sample proportions)
b) Symmetric
c) σ=0.058
d) Standard error
e) If we increase the sample size from 40 to 90 students, the standard error becomes two thirds of the previous standard error (se=0.667).
Step-by-step explanation:
a) This distribution is called the <em>sampling distribution of sample proportions</em> <em>(p-hat)</em>.
b) The shape of this distribution is expected to somewhat normal, symmetrical and centered around 16%.
This happens because the expected sample proportion is 0.16. Some samples will have a proportion over 0.16 and others below, but the most of them will be around the population mean. In other words, the sample proportions is a non-biased estimator of the population proportion.
c) The variability of this distribution, represented by the standard error, is:
d) The formal name is Standard error.
e) If we divided the variability of the distribution with sample size n=90 to the variability of the distribution with sample size n=40, we have:
If we increase the sample size from 40 to 90 students, the standard error becomes two thirds of the previous standard error (se=0.667).
Answer: Fraction= 3 3/4kg
Decimal= 3.75kg
Step-by-step explanation:
15 kilograms of rice are separated equally into 4 containers. To get the number of kilograms of rice are in each container, we divide the total kilograms of rice by the number of containers. This will be:
Kilograms of rice in each container=
15/4 =3 3/4kg as a fraction.
To convert the fraction to decimal, we divide 3 by 4 and add to 3. 3/4 equals 0.75. We then add 3 to 0.75. This will be:
Decimal of 3 3/4 = 3+0.75 = 3.75kg
