Answer:
probability that their average salary is more than $77,500 is 0.1587
Step-by-step explanation:
standard error
= 10,000/sqrt(16)
=10,000/4
= 2500
(77,500 - 75000)/2500
2,500/2500
= 1
p (z > 1) = .1587
So, the probability that their average salary is more than $77,500 is 0.1587
Answer:
A. Selecting one person from a group of four boys and two girls.
Step-by-step explanation:
A dice has six sides and here we have six people we're trying to choose from. If each person is assigned a number on the dice rolling the dice once will pick out of the six of them.
Answer:
step 3 has incorrect justification.
Step-by-step explanation:
because it was combine like terms but 8 is still in left hand side. So,combine like terms 3 has incorrect justification.
<span>a) Differentiate both sides of lnq − 3lnp + 0.003p=7 with respect to p, keeping in mind that q is a function of p and so using the Chain Rule to differentiate any functions of q:
(1/q)(dq/dp) − 3/p + 0.003 = 0
dq/dp = (3/p − 0.003)q.
So E(p) = dq/dp (p/q) = (3/p − 0.003)(q)(p/q) = (3/p − 0.003)p = 3 − 0.003p.
b) The revenue is pq.
Note that (d/dp) of pq = q + p dq/dp = q[1 + dq/dp (p/q)] = q(1 + E(p)), which is zero when E(p) = −1. Therefore, to maximize revenue, set E(p) = −1:
3 − 0.003p = −1
0.003p = 4
p = 4/0.003 = 4000/3 = 1333.33</span>