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suter [353]
2 years ago
6

For the given cost function C(x), find the oblique asymptote of the average cost function C(X), C(x)=14,000+94x+0.03x^2

Mathematics
1 answer:
marusya05 [52]2 years ago
5 0
Answer: y = 0.03x + 94

--------------------------------------

Explanation:

Lets define A(x) to be the average cost function where 
A(x) = C(x)/x
basically you divide the given cost function C(x) by the number of units produced (x)

Dividing C(x) over x leads to:
A(x) = C(x)/x
A(x) = (14000+94x+0.03x^2)/x ... substitution
A(x) = (0.03x^2+94x+14000)/x ... rearrange terms
A(x) = (0.03x^2)/x+(94x)/x+(14000)/x ... break up the fraction
A(x) = 0.03x + 94 + (14000/x) ... simplify

If x were to head off to infinity, then the portion 14000/x approaches 0. 

So this is why the oblique asymptote is y = 0.03x + 94

Basically, in the long run, the average cost will approach y = 0.03x + 94

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A.the type 1 error probability is \mathbf{\alpha = 0.0244 }

B. β  = 0.0122

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\mathtt{\alpha = P ( Z

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\mathtt{\alpha = 0.0122+( 1-  0.9878) })

\mathtt{\alpha = 0.0122+( 0.0122) })

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\mathtt{\beta = P(98.5 \leq \overline x \leq  101.5)           }

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\mathtt{\beta = P( \dfrac{98.5 -105}{\dfrac{2}{\sqrt{9}}} \leq \dfrac{\overline X - \mu}{\dfrac{\sigma}{n}} \leq \dfrac{101.5-105}{\dfrac{2}{\sqrt{9}}}) }

\mathtt{\beta = P( \dfrac{-6.5}{\dfrac{2}{3}} \leq Z \leq \dfrac{-3.5}{\dfrac{2}{3}}) }

\mathtt{\beta = P(-9.75 \leq Z \leq -5.25) }

\mathtt{\beta = P(z< -5.25) - P(z < -9.75 )}

From standard normal distribution table

β  = 0.0000 - 0.0000

β  = 0.0000

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