Given the weekly demand curve of a local wine producer is p= 50-0.1q, and that the total cost function is c= 1500+ 10q, where q bottles are produced each day and sold at a price of $p per unit. a)Express the weekly profit as a function of price.b) at what price must a bottle of wine be sold to realise maximum profit. c) what is the maximum profit that ca be made by the producer

Answers

Answer 1

Answer:

Step-by-step explanation:

From the given information:

a) To express the weekly profit as a function of price

Cost =C(q) = 1500 + 10q

Revenue = p×q = (50 − 0.1q)×q = 50q - 0.1q²

Revenue = 50q - 0.1q²

Weekly profit = Revenue - Cost

P(q) = (50q -0.1q²) - (1500 + 10q)

P(q)= -0.1 q² + 40 q - 1500  

However, q = 500 - 10 p using p = 50 − 0.1q

P= -0.1 (500 - 10 p)² + 40 (500 - 10 p) - 1500

P= -10 p² + 600 p - 6500

b)

The price at which the bottle of the wine must be sold to realise a maximum profit can be determined by finding the derivative and then set it to 0  

P' = 0

= -20p+600 = 0

20p = 600

p = 600/20

p = $30

c)

The maximum profit that can be made by the producer is:

P= -10(30)² + 600(30) - 6500

P = - 9000 + 18000 - 6500

P = $2500


Related Questions

The line plots represent data collected on the travel times to school from two groups of 15 students.
Compare the data and use the correct measure of variability to determine which bus is the most consistent. Explain your answer.

Bus 18, with an IQR of 16
Bus 47, with an IQR of 24
Bus 18, with a range of 16
Bus 47, with a range of 24

The line plots represent data collected on the travel times to school from two groups of 15 students.Compare

Answers

Based on the provided information and measures of variability, we can conclude that Bus 18 is the most consistent in terms of travel times to school.

How is variability measured?

We must examine the offered measures of variability, including the interquartile range (IQR) and the range, in order to compare the consistency of trip times for Bus 18 and Bus 47.

The distance between the maximum and minimum values is the range, while the IQR measures the spread of the middle 50% of the data. A smaller IQR and range typically imply data that is more consistent.

According to the information provided, Bus 18 has a lower IQR of 16 than Bus 47, which has a higher IQR of 24. This shows that because the middle 50% of the data is less dispersed, Bus 18's travel times are more consistent.

We can also see that Bus 18 has a narrower range of 16 than Bus 47, which has a range of 24. The conclusion that Bus 18's travel times are more reliable is further supported by the fact that the data is less variable.

Therefore, we can conclude that Bus 18 is the most constant in terms of travel times to school based on the information supplied and measures of variability.

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A company charges a shipping fee that is 4.5% of the purchase price for all items it ships. What is the fee to ship an item costs $56?

Answers

Answer: $2.52

Step-by-step explanation:

Since 4.5% = 0.045 we can just take that and multiply by the item cost, $56, and get $2.52. Therefore that is the fee.

Kayla rolls a die 84 times. How many times can she expect to roll a 3?
A. 14
B. 21
C. 12
D. 18

Answers

A 14 is the correct answer I believe

Answer:

\(\huge\boxed{\sf 14\ times}\)

Step-by-step explanation:

Formula:

\(\displaystyle Probability = \frac{Possible \ no. \ of\ events}{Total \ number\ of \ events}\)

Solution:

If we roll a die 1 time, the probability of obtaining a 3 is:

= 1 / 6

Because a die has total 6 faces, out of which 3 is only 1.

But, if we roll it 84 times, it becomes:

= \(\displaystyle \frac{1}{6} \times 84\)

= 84/6

= 14 times

\(\rule[225]{225}{2}\)

Dirk, a receptionist at a law firm, has already spent 15 minutes on the phone. He expects to spend 0.3 more minutes routing each phone call as it come in

Answers

The equation that represents the total number of minutes that Dirk spends on the phone y is y = 115+0.3x

Number of minutes that he already spent = 15 minutes

Number of minutes to for routing each phone calls = 0.3 minutes

Consider the number of phone calls = x

The equation is the statement that is made up of two expressions connected by an equal sign.

Then the equation the represent the total number of minutes that he spend one phone is

y = 15 + 0.3x

Hence, the equation that represents the total number of  minutes that Dirk spends on the phone y is y = 115+0.3x

The complete question is

Dirk, a receptionist at a law firm, has already spent 15 minutes on the phone. He expects to spend 0.3 more minutes routing each phone call as it come in. Write an equation that shows how the total number of minutes Dirk spends on the phone y depends on the number of phone calls he routes x

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Please help me: 1/2(6h-4) = -5h+1

Answers

Answer:

h = 3/8

Step-by-step explanation:

1/2(6h-4) = -5h+1

Distribute

3h -2 = -5h+1

Add 5h to each side

3h-2+5h = -5h+1+5h

8h-2 = 1

Add 2 to each side

8h-2 +2 = 1+2

8h = 3

Divide by 8

8h/8 = 3/8

h = 3/8

. An amusement park bought some arcade games that cost $2,000 each and photo booths that cost $3,200 each. A total of 22 of both types of machines were bought, for $53,600. How many arcade game machines did the park buy ?

Answers

Answer:

14 arcade games and 8 photobooths were purchased

Step-by-step explanation:

x will represent the number of arcade games

y will represent the number of photobooths

We know that 22 total machines were bought which means that x+y=22

We also know that the total was 53600 which means that 2000x+3200y=53600

We can use substitution to solve this

x+y=22

x-22= -y

-x+22=y

Then plug this in for y in the next equation

2000x+3200(-x+22)=53600

Solve this and get x=14

Then plug in x=14 into any equation (I will choose the x+y one because that's easiest to solve)

14+y=22

this means y=8

This means that 14 arcade games and 8 photobooths were purchased

I double checked the math on desmos and it is correct

I need to find the slope and the y-intercept please help

I need to find the slope and the y-intercept please help

Answers

Answer: 30

Step-by-step explanation:

1. You find the slope by picking 2 points and dividing the change in the y-axis by the change in the x-axis. (Time is ALWAYS x)

(50-40)/40-20

(10)/20)

1/2

SLOPE=1/2

2. You find the y-intercept by picking a point, and plugging them into your equation, and solving for b.

(I will be using the point (20,40) )

40=1/2(20)+b

40=10+b

b=30

Y-INTERCEPT=30

Help me plz
9.7 +-7.3=?

Answers

Answer:

2.4

Step-by-step explanation:

Answer:

2.4

Step-by-step explanation:

Since 7.3 is negative then 9.7+-7.3 is equal

9.7 - 7.3=2.4

What does 2(3) mean?​

Answers

2+2+2 or 2x3! Hope this helps!
It just means to multiply the number to the other number.. aka multiplication

The table to the right lists probabilities for the corresponding numbers of girls in three births. What is the random variable, what are its possible values, and are its values numerical?

Answers

The true statement is (b) the random variable is x, the possible values are 0 to 3 and the values are numerical

How to determine the true statement?

The table is added as an attachment

From the attached image, we have:

Number of girls (x)          P(x)

0                                         0.125

1                                         0.375

2                                         0.375

3                                         0.125

In the above, the random variable is x, while P(x) represents its probabilities.

Also, the possible values are 0 to 3 as shown in the table.

0 to 3 are numerical digits, and the values are numerical

Hence, the true statement is (b)

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The table to the right lists probabilities for the corresponding numbers of girls in three births. What

Jim is 18 years older than Taylor. Andre is twice as old as Taylor. The sum of their ages is
26. How old is Taylor?

Answers

Answer:

2

Step-by-step explanation:

Taylor: x

Jim: x + 18

Andre: 2x

Sum: x + (x + 18) + 2x = 26 ↔ x = 2

According to my calculations He’s 2 lol

The heights of fully grown English oak trees are normally distributed with a mean of 95 feet and a standard deviation of 10 feet. Approximately what proportion of fully grown English oak trees are taller than 110 feet

Answers

Approximately 2.28% of fully grown English oak trees are taller than 110 feet, based on a normal distribution with a mean of 95 feet and a standard deviation of 10 feet.

To calculate the proportion, we need to find the area under the normal distribution curve above the height of 110 feet.

Since we know the mean (μ = 95 feet) and standard deviation (σ = 10 feet), we can convert the height to a z-score using the formula z = (x - μ) / σ, where x is the height.

Converting 110 feet to a z-score:

z = (110 - 95) / 10

z = 1.5

Using a standard normal distribution table or a statistical software, we can find the proportion of values above a z-score of 1.5. From the table, we find that the proportion corresponding to 1.5 is approximately 0.0764.

However, since we are interested in the proportion above 110 feet, we subtract this value from 1 to find the proportion above 110 feet:

Proportion = 1 - 0.0764

Proportion = 0.9236

So, approximately 92.36% of fully grown English oak trees are shorter than or equal to 110 feet. Thus, approximately 2.28% (100% - 92.36%) of fully grown English oak trees are taller than 110 feet.

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Reviews of call center representatives over the last three years showed that 10% of all call center representatives were rated as outstanding, 75% were rated as excellent/good, 10% percent were rated as satisfactory, and 5% were considered unsatisfactory. For a sample of 10 reps selected at random, what is the probability that 2 will be rated as unsatisfactory

Answers

The probability that 2 out of 10 call center representatives will be rated as unsatisfactory is approximately 0.002853, or 0.2853%.

To find the probability that 2 out of 10 call center representatives will be rated as unsatisfactory, we can use the binomial probability formula.

The formula is:
P(X=k) = (n C k) * p^k * (1-p)^(n-k)

Where:
P(X=k) is the probability of getting exactly k successes in n trials
n is the number of trials (sample size), which is 10 in this case
k is the number of successes (call center representatives rated as unsatisfactory), which is 2 in this case
p is the probability of success (call center representatives rated as unsatisfactory), which is 5% or 0.05

Using this information, we can calculate the probability as follows:

P(X=2) = (10 C 2) * 0.05^2 * (1-0.05)^(10-2)

Calculating this equation gives us:

P(X=2) = (10 C 2) * 0.05^2 * 0.95^8

The combination formula (10 C 2) can be calculated as:

(10 C 2) = 10! / (2! * (10-2)!)

Simplifying further:

(10 C 2) = 10! / (2! * 8!)

Calculating 10! and 8! gives us:

(10 C 2) = 10 * 9 / (2 * 1)

Simplifying:

(10 C 2) = 45

Substituting the values back into the equation:

P(X=2) = 45 * 0.05^2 * 0.95^8

Calculating this equation gives us:

P(X=2) = 0.002853

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For the functions ()=f(t)=et and ()=−4g(t)=e−4t, defined on 0≤<[infinity]0≤t<[infinity], compute ∗f∗g in two different ways: By directly evaluating the integral in the definition of ∗f∗g.

Answers

To calculate ∗f∗g by directly evaluating the integral in the definition of ∗f∗g, we need to find the convolution of the functions f(t) = et and g(t) = −4e−4t over the interval 0 ≤ t < ∞.

The convolution of two functions f(t) and g(t) is defined as:

(f * g)(t) = ∫₀ᴛ f(τ) g(t - τ) dτ

To calculate the convolution of f(t) and g(t), we need to substitute the given functions into the definition:

(f * g)(t) = ∫₀\(ᴛ e^τ (-4e^(−4(t-τ))) dτ\)

= \(-4e^(-4t)\)∫₀ᴛ\(e^(5τ)\) dτ

Using integration by substitution, we can simplify this integral to:

(f * g)(t) = -4e^(-4t) [(e^(5t) - 1) / 5]

Therefore, ∗f∗g = (f * g)(t) = \(-4/5 + (4/5)e^(t-4t) = -4/5 + (4/5)e^(-3t)\))

Thus, we have calculated the convolution of f(t) = et and g(t) = −4e−4t by directly evaluating the integral in the definition of ∗f∗g.

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Find the lateral surface area of the prism 1.5ft, 3ft, 4ft I need help

Find the lateral surface area of the prism 1.5ft, 3ft, 4ft I need help

Answers

The lateral surface area of the prism is 21 ft².

What is lateral surface area?

This refers to all of the sides of the object, not including its base and top.  It is measured in square units.

Solving for the lateral surface area of the prism :

The lateral surface area of a rectangular prism can be calculated using the formula:

l =  4ft

w = 3ft

h = 1.5ft

LSA = 2( l + w) h

      = 2(  4ft + 3ft) *1.5ft

      = 14 ft * 1.5ft

      = 21 ft²

Hence, the lateral surface area of the prism is 21 ft².

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Help will give brainliest and don't put any links or I will report u and thx

Help will give brainliest and don't put any links or I will report u and thx

Answers

Answer:

option H.

Line A increase more rapidly than B

hope it helps

Determine the TAYLOR’S EXPANSION of the following function:
Ln(4 + z2) on the region |z| < 2.
HINT: Use the basic Taylor’s Expansion 1
1+u = ∑[infinity]
n=0 (−1)nun and then integrate all
the terms of the series.

Answers

The Taylor expansion of the function ln(4 + z^2) on the region |z| < 2 can be obtained by using the basic Taylor expansion formula and integrating all the terms of the series.

To find the Taylor expansion of ln(4 + z^2), we start by expanding ln(4 + z^2) using the basic Taylor expansion formula for ln(1 + u), which is given by ∑[infinity]n=0 (−1)^n u^n.

Substituting u = z^2/4 into the formula, we have ln(4 + z^2) = ln(4(1 + z^2/4)) = ln(4) + ln(1 + z^2/4).

The term ln(4) is a constant, so we can ignore it in the Taylor expansion. Now, we focus on finding the Taylor expansion of ln(1 + z^2/4).

Expanding ln(1 + z^2/4) using the basic Taylor expansion formula, we have ln(1 + z^2/4) = ∑[infinity]n=0 (−1)^n (z^2/4)^n.

Integrating each term of the series, we get ∫(ln(1 + z^2/4)) = ∑[infinity]n=0 (−1)^n ∫((z^2/4)^n).

By integrating each term, we obtain the Taylor expansion of ln(4 + z^2).

It's important to note that the Taylor expansion will be an infinite series, as indicated by the ∑[infinity] notation. The expansion will include terms with higher powers of z, which become smaller as the power increases. The number of terms considered in practice depends on the desired level of accuracy in the approximation.

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What is the range of the function g(x) = |x – 12| – 2?

{y | y > –2}
{y | y > –2}
{y | y > 12}
{y | y > 12}

Answers

The range of the function g(x) = |x - 12| - 2 is {y | y > -2}, indicating that the function can take any value greater than -2.

To find the range of the function g(x) = |x - 12| - 2, we need to determine the set of all possible values that the function can take.

The absolute value function |x - 12| represents the distance between x and 12 on the number line. Since the absolute value always results in a non-negative value, the expression |x - 12| will always be greater than or equal to 0.

By subtracting 2 from |x - 12|, we shift the entire range downward by 2 units. This means that the minimum value of g(x) will be -2.

Therefore, the range of g(x) can be written as {y | y > -2}, which means that the function can take any value greater than -2. In other words, the range includes all real numbers greater than -2.

Visually, if we were to plot the graph of g(x), it would be a V-shaped graph with the vertex at (12, -2) and the arms extending upward infinitely. The function will never be less than -2 since we are subtracting 2 from the absolute value.

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How to find all pairs in array of integers whose sum is equal to given number?

Answers

To find all pairs in an array of integers whose sum is equal to a given number, iterate through the array and for each element, check if there is another element in the array that, when added to the current element, is equal to the given number, and if such an element is found, add the pair (current element, other element) to a list of pairs; repeat this process until all elements in the array have been checked.

What is an array?

A group of objects, pictures, or numbers organized in rows and columns is known as an array. Arrays provide as concrete examples of multiplication concepts.

Why do we need arrays?

Arrays are needed in cases where you need  to store and manipulate large amounts of data efficiently.

Some of the benefits of using arrays include:

Arrays allow you to store a large number of items in a single data structure, which makes it easier to work with large datasets. Arrays allow you to access and modify the items in the array quickly, using the index of the item.

There are numerous techniques for locating all pairs in an integer array whose total is equal to a specific value. Here is one strategy you may employ:

In order to store the pairs you find, create a blank list.Check if there are any other elements in the array that, when combined with the current element, equal the specified number as you iterate over the array.Add the pair (current element, other element) to the list of pairs if you come across such an element.Once you have tested each entry in the array, repeat this step.

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The sales tax in a major city is 7%. Find the cost, including the tax charged on a purchase of $200.

Answers

Answer:

$214

Step-by-step explanation:

200*0.07 = 14, 200 + 14 = 214

g = f에서 5 = g는 무엇입니까?

Answers

Answer:

임의의 변수로 풀기

g = 5

f = 5

Step-by-step explanation:

english: Solve in terms of the arbitrary variable

g=5

f=5

한국에서이 질문을 한 선생님은 누구입니까?

The floor of a storage unit is 3 meters long and 4 meters wide. What is the distance between two opposite corners of the floor?

Answers

The distance between two opposite corners of the floor is 5 meters.

What is Pythagoras Theorem?

Pythagoras' theorem is a fundamental principle in geometry that states that in a right triangle, the square of the length of the hypotenuse (the side opposite the right angle) is equal to the sum of the squares of the lengths of the other two sides.

Using the Pythagorean theorem, the distance between two opposite corners of the floor can be found by calculating the length of the hypotenuse of a right triangle whose legs are the length and width of the floor. Therefore,

c² = a² + b²

where c is the length of the hypotenuse, a is the length of the floor (3 meters), and b is the width of the floor (4 meters).

Substituting the values, we get:

c² = 3² + 4²

c² = 9 + 16

c² = 25

Taking the square root of both sides, we get:

c = √(25)

c = 5

Therefore, the distance between two opposite corners of the floor is 5 meters.

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which of the following explains why a firm would not produce a unit of output where mc exceeds mr?

Answers

A firm would not produce a unit of output where marginal cost (MC) exceeds marginal revenue (MR) because doing so would result in a loss.

The firm's goal is to maximize profit, and this is achieved by producing at a level where MC is equal to MR.

If MC is higher than MR, it means that the additional cost of producing one more unit is not offset by the additional revenue generated from selling that unit, leading to a negative impact on the firm's overall profitability.

In a profit-maximizing scenario, firms aim to produce at a level where MC is equal to MR.

This is because producing at this point ensures that the incremental cost of production is matched by the additional revenue generated, leading to optimal profit levels.

If MC exceeds MR, producing additional units would lead to diminishing returns and reduce the firm's profitability.

Therefore, it would not be rational for the firm to produce at that level of output.

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Consider the function f(x)=√x2+9−x.
A. Find the vertical and horizontal asymptotes.
B. Find the interval where the function is decreasing.
C. Find the interval where the function is concave up.
D. Sketch the graph of f.

Answers

(-9,0) (0,3)

abt where the square root ends
Consider the function f(x)=x2+9x.A. Find the vertical and horizontal asymptotes.B. Find the interval

For the following information please answer both questions below: The median for an exam was 84%, with a standard deviation on 6%. a. What score on the exam would you expect 2.5% of the students to score above? b. What percentage of the students would you expect to score below 78%?

Answers

a) 2.5% of the students can score above 96.76% on the exam ;

(b) 84.13% of the students to score below 78% on the exam.

The median for an exam was 84% and the standard deviation is 6%.To answer the given question, we can use the Z-score table.

a.) The Z score for the given data using these formula as follows:

Z = (X - μ) / σ , where X is the score, μ is the mean, σ is the standard deviation, Z is the Z-score.

X = Zσ + μ. Let's substitute the given values. Z = 1.96 (from the Z-score table for the 2.5% probability area)

μ = 84σ = 6X = (1.96 × 6) + 84X = 96.76%.

Therefore, 2.5% of the students can score above 96.76% on the exam.

b.) Z = (X - μ) / σZ = (78 - 84) / 6Z = -1.

Therefore, 1 - P (Z &lt; -1) = P (Z &gt; -1). Let's find out P (Z &gt; -1) from the Z-score table P (Z &gt; -1) = 1 - P (Z &lt; -1) = 1 - 0.1587 = 0.8413 = 84.13%.

Therefore, we can expect 84.13% of the students to score below 78% on the exam.

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Every Friday the boss buys pizza for his workers. Last week the workers finished 5 pizzas. This week
they finished 5 pizzas. Write the ratio of pizzas eaten last week to pizzas eaten this week.
Remember ratios must have two whole numbers.

Answers

Answer:

1:1 because they ate the same amount both weeks

Help please

Evaluate -9 - (-4)

Answers

Answer:

The answer should be -5.

Step-by-step explanation:

Remember that if there are two negative signs next to each other then it will turn into a positive sign, in which you get the equation -9 + 4.  Your answer should be -5 when you add 4 from -9.

Determine the principal argument of each
complex number.

a. z = sin 15° + icos15°
b. z = -sin 10° - icos 10°

Answers

To determine the principal argument of a complex number, we need to find the angle between the positive real axis and the vector representing the complex number in the complex plane. The principal argument is usually given within the range (-π, π].

a. For the complex number z = sin 15° + icos 15°, we can express it in exponential form as z = e^(i15°). The principal argument of this complex number is 15°.

b. For the complex number z = -sin 10° - icos 10°, we can express it in exponential form as z = -e^(i10°). The principal argument of this complex number is -10°.

In both cases, the principal arguments are the angles between the positive real axis and the vectors representing the complex numbers in the complex plane. The principal arguments give us the direction or orientation of the complex numbers in the plane.

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Each morning Bill leaves home between 6:30 and 8:00 to drive to work at University of Texas. The time it takes Bill to drive to work (TIME) depends on the departure time when he leaves after 6:30 (DEPART), the number of red lights on the way (REDS) and the number of trains that he has to wait for at the crossing (TRAINS). Observations for these variables are for 231 working days in 2006. TIME is measured in minutes after 6:30 that Bill departs. The estimated regression model is as follows; TIME -19.9166+0.3692DEPART+1.3353REDS +2.7548TRAINS R¹ -0.634 s.e (1.2548) (0.3038) (0.01553) (0.1390) a) What is the average estimated time in minutes to drive to work for Bill when he leaves on time at 6:30 and there are no red lights and no trains at the crossroad to wait?
( b) Interpret the estimated coefficients of REDS and TRAINS. c) Using a 5% significance level, test the hypothesis that each train delays Bill by 3 minutes. State your conclusion.

Answers

a) The average estimated time for Bill to drive to work when he leaves on time at 6:30 with no red lights and no trains to wait for is approximately -19.9166 minutes. b) The estimated coefficients of REDS and TRAINS in the regression model are 1.3353 (REDS). c) The absolute value of the calculated t-value (-1.7733) is less than the critical t-value (1.9719), we fail to reject the null hypothesis.

a) To find the average estimated time in minutes for Bill to drive to work when he leaves on time at 6:30 and there are no red lights and no trains at the crossroad to wait, we substitute the values into the regression model:

TIME = -19.9166 + 0.3692(DEPART) + 1.3353(REDS) + 2.7548(TRAINS)

Given:

DEPART = 0 (as he leaves on time at 6:30)

REDS = 0 (no red lights)

TRAINS = 0 (no trains to wait for)

Substituting these values:

TIME = -19.9166 + 0.3692(0) + 1.3353(0) + 2.7548(0)

    = -19.9166

Therefore, the average estimated time for Bill to drive to work when he leaves on time at 6:30 with no red lights and no trains to wait for is approximately -19.9166 minutes. However, it's important to note that negative values in this context may not make practical sense, so we should interpret this as Bill arriving approximately 19.92 minutes early to work.

b) The estimated coefficients of REDS and TRAINS in the regression model are:

1.3353 (REDS)

2.7548 (TRAINS)

Interpreting the coefficients:

- The coefficient of REDS (1.3353) suggests that for each additional red light, the estimated time to drive to work increases by approximately 1.3353 minutes, holding all other factors constant.

- The coefficient of TRAINS (2.7548) suggests that for each additional train Bill has to wait for at the crossing, the estimated time to drive to work increases by approximately 2.7548 minutes, holding all other factors constant.

c) To test the hypothesis that each train delays Bill by 3 minutes, we can conduct a hypothesis test.

Null hypothesis (H0): The coefficient of TRAINS is equal to 3 minutes.

Alternative hypothesis (Ha): The coefficient of TRAINS is not equal to 3 minutes.

We can use the t-test to test this hypothesis. The t-value is calculated as:

t-value = (coefficient of TRAINS - hypothesized value) / standard error of coefficient of TRAINS

Given:

Coefficient of TRAINS = 2.7548

Hypothesized value = 3

Standard error of coefficient of TRAINS = 0.1390

t-value = (2.7548 - 3) / 0.1390

       = -0.2465 / 0.1390

       ≈ -1.7733

Using a significance level of 5% (or alpha = 0.05) and looking up the critical value for a two-tailed test, the critical t-value for 230 degrees of freedom is approximately ±1.9719.

Since the absolute value of the calculated t-value (-1.7733) is less than the critical t-value (1.9719), we fail to reject the null hypothesis. This means that there is not enough evidence to conclude that each train delays Bill by 3 minutes.

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As a sample size is increased, which of the following statements best describes the change in the standard error of the sample mean and the size of the confidence interval for the true mean?
A) The standard error decreases and the confidence interval narrows.
B The confidence interval widens while the standard error decreases.
C) The standard error increases while the confidence interval narrows.

Answers

The correct answer is: A) The standard error decreases and the confidence interval narrows.

As the sample size increases, the standard error of the sample mean decreases. The standard error measures the variability or spread of the sample means around the true population mean. With a larger sample size, there is more information available, which leads to a more precise estimate of the true population mean. Consequently, the standard error decreases.

Moreover, with a larger sample size, the confidence interval for the true mean becomes narrower. The confidence interval represents the range within which we are confident that the true population mean lies. A larger sample size provides more reliable and precise estimates, reducing the uncertainty associated with the estimate of the population mean. Consequently, the confidence interval becomes narrower.

Therefore, statement A is the most accurate description of the change in the standard error of the sample mean and the size of the confidence interval for the true mean as the sample size increases.

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