P(volleyball and baseball) = 4/200 x 100 = 2%
P(either volleyball or baseball) = P(volleyball ∪ baseball) = P(volleyball) + P(baseball) - P(volleyball and baseball) = 12% + 15% - 2% = 25%.
25% play either volleyball or baseball.
Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
% change of price of FedEx
%change in Quantity demanded of UPS
using Mid-point method = <u> Q2-Q1 </u> × 100
(Q1+Q2)÷ 2
= <u>1.3-1.2 </u> × 100
(1.2+1.3)÷2
= <u>0.1 </u> × 100
1.25
= 8%
% change in price of FedEx
using midpoint method =<u> P2-P1 </u>× 100
(P1+P2)÷ 2
=<u> 75-65 </u>× 100
(65+75)÷2
=<u> 10 </u> × 100
70
= 14.28%
Cross-price Elasticity of Demand = 8% ÷ 14.28%
using midpoint method = 0.56
Figure 1:
3 x 8 x 5 = 120cm³
Figure 2:
2 x 5 x 6 = 60cm³
Total Volume = 120 + 60 = 180cm³
Clod would get 11, because the number they both thought of was 63
To get the average rate of change (ARC) of f(x) over [x1, x2], we use the formula:
ARC = ( f(x2) - f(x2) ) / (x2 - x1)
From the graph
f(2) = 4
f(-2) = 4
Plugging in the values into the formula:
ARC = (4 - 4) / (2 - (-2) )
ARC = 0
The points connecting (-2,4) amd (2,4) is a horizontal line that is the rate of change is 0.