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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Answer:
The sample consisting of 64 data values would give a greater precision.
Step-by-step explanation:
The width of a (1 - <em>α</em>)% confidence interval for population mean μ is:
So, from the formula of the width of the interval it is clear that the width is inversely proportion to the sample size (<em>n</em>).
That is, as the sample size increases the interval width would decrease and as the sample size decreases the interval width would increase.
Here it is provided that two different samples will be taken from the same population of test scores and a 95% confidence interval will be constructed for each sample to estimate the population mean.
The two sample sizes are:
<em>n</em>₁ = 25
<em>n</em>₂ = 64
The 95% confidence interval constructed using the sample of 64 values will have a smaller width than the the one constructed using the sample of 25 values.
Width for n = 25:
Width for n = 64:
Thus, the sample consisting of 64 data values would give a greater precision
Answer:
69.3 mi
Step-by-step explanation:
Let x represent the distance of the ship from its original position.
x²= 40² + 35² -2(40)(35)cos(135)
x= 69.3 mi