Write three to five sentences explaining which levels of production provide Alonzo’s Cycling with the maximum profit.
2 answers:
Answer:
The maximum profit can be attained when 4 bikes are produced each day.
Step-by-step explanation:
Look at the attached picture:
In the table given in the picture, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced.The relationship between cost, revenue and profit can be as:
Profit = Revenue - Cost
To find the profit per unit of bike, simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.
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The inverse of the function is
Explanation:
To find the inverse of the equation , we need to interchange the variables x and y for the variables y and x.
Thus, the equation becomes
Now, we shall find the value of y.
Now, adding 8 to both sides of the equation, we have,
Interchanging the sides,
Dividing by 2 on both sides,
Taking square root on both sides,
Thus, the inverse of the function is
To find the volume of a cone do
Answer:
0.7673
Step-by-step explanation:
We have the following:
The null and alternative hypothesis is,
H0: m = 290
Ha: m> 290
x = 285.2
m = 290
sd = 59.3
n = 82
is m the mean, sd the standard deviation and n the population size
Now we calculate the value of z like this:
z = (x - m) / sd / (n ^ (1/2))
z = (285.2 - 290) / 59.3 / (82 ^ (1/2))
z = -0.73
now
P (z> -0.73) = 1 - P (z <-0.73)
we look at the normal distribution table
P = 1 - 0.2327 = 0.7673
Therefore the value of p is equal to 0.7673
