Answer:
Number of supervisors needed in the company = 7
Step-by-step explanation:
Number of employees working in each team = 18
Number of total teams on the floor = 3
So, total number of employees working on the floor = 3 × 18 = 54
Now, it is given that for every 8 employees the company needs a 1 supervisor
⇒ 8 employees need 1 supervisor
Since, The number of supervisors cannot be in the form of decimals
⇒ Number of supervisors needed in the company = 7
Answer: (0.132132, 0.274368)
Step-by-step explanation:
Given : A simple random sample of 123 people living in Gastown and finds that 25 have an annual income that is below the poverty line.
i.e. n= 123
Critical value for 95% confidence interval :
Confidence interval for population :
i.e.
Hence, the 95% confidence interval for the true proportion of Gastown residents living below the poverty line : (0.132132, 0.274368)
Answer:
The concentration of salt in the tank approaches
Step-by-step explanation:
Data provide in the question:
Water contained in the tank = 8000 L
Salt per litre contained in Brine = 35 g/L
Rate of pumping water into the tank = 25 L/min
Concentration of salt
Now,
Dividing both numerator and denominator by , we have
Here,
The concentration of salt in the tank approaches
Answer:
0.632
Step-by-step explanation:
Given that a homeowner is three times as likely to purchase additional jewelry coverage as additional electronics coverage
If probability of purchasing additional electronics coverage = p, then prob of purchasing jewelry coverage = 3p
The two events are independent hence joint probability is product of these two.
i.e. P(both) =
This is given as 0.2
the probability that a homeowner purchases exactly one coverage.
= Prob he purchases I + prob he purchases II-2(prob he purchases both)
Answer:
No lower than $208, and no higher than $956.8
Step-by-step explanation:
Notice that the revenue (income) function is represented by a quadratic expression (a parabola with branches pointing down), and the cost function is linear with negative slope.
When we plot them, we obtain the graphs shown in the attached image. Notice as well that there are two points of intersection for these two functions. The revenue exceeds (lays above) the cost in between the two points of intersection (marked in red and green).
For the company to make a profit, the revenue has to be larger than the cost, so we study the limiting values for that to happen, which is the points of intersection of these two curves.
The first one (pictured in red) is associated with coordinates (35, 33488) which tells us that is the production of 35 chairs with a revenue of $33,488. That is a cost per chair of $33,488 / 35 = $956.8
The second intersection (pictured in green) is associated with coordinates (125, 26000), which tells us that is the production of 125 chairs with a revenue of $26,000. That is a cost per chair of $26000 / 125 = $ 208
So these values give us the minimum and maximum that the company can charge to make a profit.
