Answer:
(ai) The correct answer is the first option; The amount of tax the student is willing to add to a gallon of gasoline.
(aii) The correct answer is the last option; Whether the student believes that global warming is a serious issue or not.
(b) The correct answer is the first option; two-sample t interval
Step-by-step explanation:
A response variable in statistics is the idea or concept of needs to be proven right or wrong. It remains a response variable until it has been proven.
An explanatory variable simply means an independent variable. It doesn't depend on any other variable and at the same time, it can be manipulated.
In construct a 95% confidence interval to compare the two groups, two-sample t test is the appropriate t test to use.
The m in y=mx+b stands for the slope of the line
Hope this helps!
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
Answer:
524.96 − 32.50 + x ≥ 500
Amount need to deposit = $7.54
Step-by-step explanation:
Given:
Amount in checking account = $524.96
Maintain amount = $500
Amount of check = $32.50
Find:
Amount need to deposit
Computation:
Assume, amount need to deposit = x
So,
For avoiding fee
524.96 − 32.50 + x ≥ 500
x = 7.54
Amount need to deposit = $7.54
Answer:
$12.50
Step-by-step explanation:
I might be wrong but you can try this answer
