Answer: The statement you've provided describes the economic concept of elasticity. Elasticity is a measure of how responsive the quantity demanded or supplied of a good or service is to a change in its price. It measures the responsiveness of the consumers' and producers' behaviors to changes in price, in other words, how sensitive the consumers or producers are to changes in the good or service prices.
There are different types of elasticity, such as price elasticity of demand and price elasticity of supply. Price elasticity of demand measures how much the quantity demanded of a good changes in response to a change in its price. If a good has a high price elasticity of demand, then a small change in its price will result in a large change in the quantity demanded of the good. On the other hand, price elasticity of supply measures how much the quantity supplied of a good changes in response to a change in its price. A good with a high price elasticity of supply will see a large increase in the quantity supplied in response to a small price increase.
Elasticity is a very important concept in economics because it helps to understand how consumers and producers will react to changes in prices and how it would affect the overall economy.
Step-by-step explanation:
-20 POINTS- Find the value of X
X=[?]
Answer:
x=1252x^2
I'm not sure if I'm 100% correct
Sorry.
(2m + 1) * x ^ 2 - (2m + 5) * x + (2m + 1) = 0
Answer:
(2m + 1) * x ^ 2 - (2m + 5) * x + (2m + 1) = 0
2mx^2+x^2-2mx+5x+2m+1=0
3mx^2+5x+1=0
That's as far as you can get simplifying it.
Step-by-step explanation:
95 POINTS!!! To increase business, the owner of a shoe store is running a promotion in which a customer's bill can be selected at random to receive a discount. When a customer's bill is printed, a program in the cash register determines randomly whether the customer will receive a discount on the bill. The program was written to generate a discount with a probability of 0.15; that is, 15% of the bills get a discount in the long run. However, the owner is concerned the program is incorrect and is not generating the intended long-run proportion of 0.15.
The owner selects a random sample of bills and finds that only 12% of them received a discount. A confidence interval for p, the proportion of bills that will receive a discount in the long run, is 0.12 ± 0.05, and all conditions for inference are met.
Consider the confidence interval 0.12 ± 0.05.
Part A: Does the confidence interval provide convincing statistical evidence that the program is not working as intended? Justify your answer. (3 points)
Part B: Does the confidence interval provide convincing statistical evidence that the program generates the discount with a probability of 0.15? Justify your answer. (2 points)
Part C: A second random sample of bills is taken that is six times the size of the original sample. In the second sample, 12% of the bills received the discount. Determine the value of the margin of error based on the second sample of bills used to compute an interval for p with the same confidence level as that of the original interval. (2 points)
Part D: Based on the margin of error in part C that was obtained from the second sample, is the program working as intended? Justify your answer.
An area surrounding a measurement that indicates how accurate it is called a confidence interval.
Let X = The proportion of n randomly selected consumers who receive the discount. So, X = B(n, p), where p is the likelihood that a consumer will receive the discount.
Back-up Theory 100(1 - α) % Confidence Interval for the population proportion, p is:
p ± Zα/2[√{P(1 –p)/n}] ……(1)
where
Zα/2 is the upper (α/2)% point of N(0, 1),
pcap = sample proportion, and
n = sample size.
One can conclude with 100(1 - )% confidence that the population proportion, p, is p if a 100(1 - )% Confidence Interval for p holds a specific hypothesized value of p…………. (2)
Now to work out the solution,
The given confidence interval is: 0.12 ± 0.05 i.e., [0.07, 0.17] or [7%, 17%]……………………. (3)
for Part (a)
equation (2) and (3), [7%, 17%] holds 15%. Hence the statement is NOT valid.
for Part (b)
equation(2) and (3), [7%, 17%] holds 15%. Hence the statement is valid.
For Part (c)
Margin of error is: Zα/2[√{P(1 –P)/n}]
If the sample sizes under Part (c) and (a) are respectively, n2 and n1, the ratio of respective margin of errors would be
[Zα/2.√t{P(1 –P)/n2}]/[Zα/2√{P(1 –P)/n1}]
= √(n1/n2)
= 1/√6 [given the second sample size is 6 times the first sample size]
= 0.4082
= > the margin of error under Part (c) = the margin of error under Part (c) x 0.4082
= 0.05 x 0.4082
= 0.020.
Thus, the margin of error when the sample size if 6-fold is 0.020.
For Part (d)
The revised Confidence Interval from Part (c) is 0.12 ± 0.02 or [0.10, 0.14], which does not hold 0.15 as a result, according to (2), the program is NOT operating as anticipated.
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The design of a digital box camera maximizes the volume while keeping the sum of the dimensions at 4.5 inches. If the length must be 1.5 times the height, what should each dimension be?
-√8 - √54 + 2√6 how to simplify
Answer:
6√2
Step-by-step explanation:
-√2×2×2 -√2×3×3×3 + 2√3×3
-2√2 - 3✓6 + 2×3
-2√2 - 3√2×2 +2 + 6
6√2
Find the product.
(6t²-8bs) (t² + bs)
Enter the correct answer.
The product of given equation is [tex]6t^{4} + 6t^{2} bs-8bst^{2} -8b^{2} s^{2}[/tex] .
Define expression.Mathematical expressions consist of at least two numbers or variables, at least one arithmetic operation, and a statement. It's possible to multiply, divide, add, or subtract with this mathematical operation. An expression's structure is as follows: Expression: (Math Operator, Number/Variable, Math Operator)
What is equation?The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two equations 3x + 5 and 14, which are separated by the 'equal' sign.
[tex]=(6t^{2} -8bs) (t^{2} + bs)[/tex]
[tex]=6t^{2} (t^{2} + bs) -8bs(t^{2} + bs)[/tex]
[tex]=6t^{4} +6t^{2}bs -8bst^{2} -8b^{2} s^{2}[/tex]
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Using the following incomes and expenses information, calculate the total debt-to-income ratio: Employment wages: $115,000 Interest earned: $950 Dividends earned: $1,200 Mortgage payments: $38,600 Auto loan payments: $3,300 Student loan payments: $9,000 Taxes: $31,050 Utilities: $3,600 Personal savings: $12,000 Gas: $3,500 Groceries: $7,200 Entertainment: $6,000 Charitable donations: $500 Clothing: $1,500 Travel: $1,000
What’s does 1.56x-7.8 equal
Answer:-12.168
Step-by-step explanation: multiply it regularly, then count how many decimals are after the numbers, in this case, 3. cus it’s 2 after 1.56 and one after 7.8
Answer: x=5
Step-by-step explanation:
Solve the rational equation by combining expressions and isolating the variable (x)
40mph in feet per secend
Answer:
58.8 feet per second
CONVERTING MPH TO FPS
If you are moving at the rate of 40MPH, how many feet do you travel in a second? At 40 miles per hour, you are traveling 58.8 feet per second. To convert miles per hour to feet per second, multiply the miles per hour figure by 1.47. There are 5280 Feet in a mile and 3600 Seconds in an hour.
Lesson 17
Using the info given, solve for the missing value of the right triangle. Round each angle to the nearest degree, each length to the nearest tenth, & each trigonometric value to four decimal places, if necessary.
Hypotenuse = 14.5 meters
Opposite side = 6.3 meters
θ = ?
The measure of the angle (θ) is equivalent to sin⁻¹(6.3/14.5).
What is Pythagoras theorem?The Pythagorean theorem or Pythagoras' theorem is a fundamental relation in Euclidean geometry between the three sides of a right triangle. Mathematically, it can be written as -
(hypotenuse)² = (base)² + (perpendicular)²
Given is a right angle triangle with hypotenuse as 14.5 meters and
opposite side as 6.3 meters.
We can write sine of the angle (θ) as -
sin(θ) = P/H
sin(θ) = Opposite side/Hypotenuse
sin(θ) = 6.3/14.5
(θ) = sin⁻¹(6.3/14.5)
Therefore, the measure of the angle (θ) is equivalent to sin⁻¹(6.3/14.5).
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What's the inches equivalent of 63.5 millimeters? A. 2.5, B. 24, C. 3.2. D 31
Answer: A
Step-by-step explanation: 2.5 inches = 63.5 millimeters
4x+5y=-7
-5x-3y=-1
I need help with this question since im not smart
Answer:
To solve this system of equations, you can use the method of elimination. To do this, you can add the two equations together:
4x + 5y - 5x - 3y = -7 - 1
-x + 2y = -8
Then, you can divide both sides of the equation by -1 to solve for y:
x - 2y = 8
y = (x - 8) / 2
Now that you have solved for y, you can substitute this expression back into either of the original equations to solve for x. For example, you can substitute y = (x - 8) / 2 into the first equation to get:
4x + 5((x - 8) / 2) = -7
4x + 5x - 40 = -7
9x = 33
x = 3.67
Now that you have solved for both x and y, you can find the solution to the system of equations:
x = 3.67
y = (3.67 - 8) / 2 = -2.17
So, the solution to the system of equations is x = 3.67 and y = -2.17.
Which scale of measurement most reasonably applies to Confidence in Science?
The scale of measurement most reasonably applies to Confidence in Science is ordinal.
What are scales of measurement?The basic four scales used in measurements are continuous, discreet, ordinal and nominal. The continuous measurement scale is used to take the values in between a permitted range. For example weight, height, sales, rate etc.
In discreet measurements only take the whole numbers within a permitted range. For example, count of people, number of objects etc. Ordinary, logically ordered categorical values. For example, the size of clothes,
Nominal measurements include not logically ordered categorical values. For example, nationality, language etc. The scale of measurements most reasonably applies to Confidence in Science is ordinal.
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2 Justin had 3 rolls of ribbon. He used of a roll of ribbon to tie a parcel and 5 of another roll of ribbon to tie a present. How many rolls of ribbon did he use in all? How many rolls of ribbon did Justin have left?
Answer:1 roll of ribbon left
Step-by-step explanation:
Find (f•g)(1)
f(x)=x²-1
g(x) = √x
The answer to the stated domain range puzzle is 0.
What exactly are a domain and range?both domain and range. The range of values that can be plugged into a function is known as its domain. In a function like f, this set represents the x values (x). The values that the function outputs when we enter an x value are in this set.
What do a function's domain and range consist of?The collection of all possible inputs and outputs constitutes a function's domain and range, respectively. Important features of a function are the domain and range.
According to the given information:(f(g)(x) = (√x)² - 1
(f(g)(x) = x - 1
(f(g)(x)(1) = 1 - 1 = 0
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Solve x^3 + x - 4 = 0, leaving your answers correct to 2 decimal places.
The solution to the equation x³ + x - 4 = 0 is x = 1.38
How to determine the solution to the equationFrom the question, we have the following parameters that can be used in our computation:
x^3 + x - 4 = 0
Express the exponents as proper superscript
So, we have the following representation
x³ + x - 4 = 0
Next, we solve the equation using a graph
i.e. we plot the graph of x³ + x - 4 = 0
See attachment for the graph of x³ + x - 4 = 0
The points where the graph of x³ + x - 4 = 0 crosses the x-axis are the solution
In this case, the point is 1.38
Hence, the solution is x = 1.38
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The amount of time in seconds, t, it takes for a bungee jumper to free fall is given by the function t equals the square root of the quantity d over 16 end quantity comma where d represents the distance that the object falls, in feet. If a bungee jumper free falls for 5 seconds, how far does the jumper fall? (5 points)
400 feet
160 feet
6,400 feet
80 feet
If the amount of time in seconds, t, it takes for a bungee jumper to free fall is given by the function t equals the square root of the quantity d over 16. The distance the jumper fall is: A 400 feet.
How to find the distance?Using this formula to find the distance by solving for d
t=√d/q
Where:
t = Time = 5 seconds
d = Distance = ?
q = Quantity = 16
So,
5 seconds=√d/16
d=16x5²
d=16 × 25
d= 400 feet
Therefore we can conclude that the correct option is A.
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Mike went on a bicycle trip. Every 4 days he travels 230 miles.
Create a proportional table comparing miles traveled to days spent traveling.
Calculating the ratio between each pair of values in a table allows you to determine whether a proportional relationship is present. The table depicts a proportional relationship if all of those ratios are the same.
How should an equation for a proportional table be written?y = k x, where is the proportionality constant, is the equation that depicts a proportional relationship, or a line. Find k and create the equation by using k = y x from a table or graph. Tables, graphs, and equations can all be used to depict proportional relationships.
How should a proportional relationship be written?The equation y = kx represents a proportional relationship between two quantities y and x that have the same proportionality constant, k.
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You deposit $250 in an account that earns simple interest at an annual rate of 2.2%.
How much money is in the account after 4 years?
Therefore , the solution to the given problem of interest comes out to be $272.
What does interest mean?Simple interest is calculated by dividing initial capital by the interest rate, the duration, and other variables. The formula employed in marketing is simple return = principle + interest plus hours. This approach is the simplest way to calculate interest. Calculating interest as a percentage of the principle sum is the most common approach. For instance, he may only pay his portion of the interest if he borrowed $100 from a friend and agreed to pay it back with 5% interest. $100 (0.05) = $5. You should pay interest when you make loans, and you also must pay interest when you lend it. Usually, interest is calculated as a portion of a loan.
Here,
Given: $250 in principal
a 2.2% interest rate
and a 4-year term
To discover the basic interest:
Using this formula
Simple interest is equal to
=>P*R*T/100,
=> 250*2.2*4/100
=> 22.
Total amount after 4 years = 250 + 22 =272
Therefore , the solution to the given problem of simple interest comes out to be $272.
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Shirt Prices
$50, $35, $48,
$31, $34
What is the median price of the five shirts?
Answer: 35 would be the median
Step-by-step explanation: Put the numbers in order and whichever one is the middle value is the median
Answer:
35
Step-by-step explanation:
The median is the middle price when listed from smallest to largest
31, 34, 35, 48, 50
The middle price is 35
The median is 35
Ayuda porfa doy corona
3/4 > 1/5
6/9 > 2/5
6/7 > 3/10
2/11 < 4/9
Answer:
3/4 > 1/5
6/9 > 2/5
6/7 > 3/10
2/11 < 4/9
Step-by-step explanation:
Manera facil de comparar fracciones:.
3/4 1/5
Multiplica el denominador (numero abajo) de cada fraccion por el numerador de la otra fraccion y escribe el producto arriba del numerador.
El numero mas grande esta arriba de la fraccion mas grande.
5 x 3 = 15 arriba de 3/5
4 x 1 = 4 arriba de 1/5
Como 15 > 4, 3/4 > 1/5
30 18
6/9 2/5
6/9 > 2/5
60 21
6/7 3/10
6/7 > 3/10
18 44
2/11 4/9
2/11 < 4/9
The recipe Troy is using calls for 1 cup of cocoa. Troy added another
cup. What was the percent of change?
The percent of change can be calculated by taking the difference between the new value and the original value, divided by the original value, and then multiplying by 100 to express the result as a percentage.
In this case, the original value is 1 cup of cocoa and the new value is 2 cups of cocoa (since Troy added another cup). The difference between the two values is 1 cup.
So the percent of change would be:
(1 / 1) * 100 = 100%.
This means that the quantity of cocoa increased by 100% by adding 1 cup cocoa.
Triangle JKL has vertices J(6, -1), K(10,-2), and L(5, -3). Determine the
coordinates of the vertices of the image after a translation along (0,4)
and a reflection in the y-axis.
J''(-6, 3) , K''(-10, 2) , and L''(-5, 1) those exists the vertices after the transformations.
What is meant by coordinates of the vertices?[tex](x_1,y_1), (x_2,y_2),[/tex] and [tex](x_3,y_3)[/tex] are the coordinates of a triangle's vertices [tex](x_3,y_3)[/tex]. The line connecting the first two is divided in the proportion l:k, and the line connecting this point of division to the opposing angular point is divided in the proportion m:k+l.
When you write coordinates as (x, y), it means to write the x-axis point first and then the y-axis point. Some kids might be instructed to remember this by saying "along the corridor, up the stairs," which means they should follow the x axis first and then the y axis.
First do the first transformation, the translation.
J (6, -1 + 4), K (10, -2 + 4), and L (5, -3 + 4).
After adding, we get J'(6, 3) , K'(10, 2) , and L'(5, 1).
We Utilize those new coordinates to do the reflection in the y axis.
J''(6(-1), 3) , K''(10(-1), 2) , and L''(5(-1), 1).
After multiplying, we get J''(-6, 3) , K''(-10, 2) , and L''(-5, 1).
Those exists the vertices after the transformations.
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J''(-6, 3) , K''(-10, 2) , and L''(-5, 1) those exists the vertices after the transformations.
What is meant by coordinates of the vertices?[tex](x_{1}, y_{1}), (x_{2}, y_{2}) and (x_{3}, y_{3})[/tex] are the coordinates of a triangle's vertices . The line connecting the first two is divided in the proportion l:k, and the line connecting this point of division to the opposing angular point is divided in the proportion m:k+l.
When you write coordinates as (x, y), it means to write the x-axis point first and then the y-axis point. Some kids might be instructed to remember this by saying "along the corridor, up the stairs," which means they should follow the x axis first and then the y axis.
First do the first transformation, the translation.
J (6, -1 + 4), K (10, -2 + 4), and L (5, -3 + 4).
After adding, we get J'(6, 3) , K'(10, 2) , and L'(5, 1).
We Utilize those new coordinates to do the reflection in the y axis.
J''(6(-1), 3) , K''(10(-1), 2) , and L''(5(-1), 1).
After multiplying, we get J''(-6, 3) , K''(-10, 2) , and L''(-5, 1).
Those exists the vertices after the transformations.
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Solve for x and show your steps. Is the solution extraneous? Check your work to show how you extraneous or not.
1 1x + 5 = 7
For the given issue, x has a value of 4. The offered solution is the solution extraneous .
What does the mathematical concept of superfluous mean?When we solve equations, we often obtain values that aren't actually the answer to the equation.
What makes an equation unnecessary?A root of a transformed equation that isn't a root of the previous iteration because it was left out of the original equation's domain is known as a extraneous solution.
According to the given information:√(11x + 5) = 7
(11x + 5) = 7²
11x + 5 = 49
11x = 49 - 5
11x = 44
x = 4
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Pls help me answer the question down in the image below
Using the concept of proportion to find the value of x in the similar triangle, x is equal to 6.67
What is Similar Triangle TheoremSimilar triangle theorem states that if two triangles have corresponding angles that are equal, then the sides of the triangles are proportional to each other. This theorem can be used to solve problems involving triangles, such as finding the lengths of missing sides.
We can use the concept of ratio to find the value of x.
12 / 5 = 16 / x
Cross multiply both sides and solve for x
12 × x = 16 × 5
12x = 80
x = 80 / 12
x = 6.67
The value of x is 6.67
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Simplify the following expression: -16 -8/2 + 25 ÷ 5 + 1
A. -18
B. 6
C. 10
D. -6
if you earn 3250 over the 10 year period, how much will be in the account at the end of the 10 year period?
If earning 3250 per month over 10year period, At the end of 10th year, the amount on the account will be 390,000
What is multiplication?To multiply means to add equal groups. When we multiply, the number of things in the group increases. The two factors and the product are parts of a multiplication problem. In the multiplication problem, 6 × 9 = 54, the numbers 6 and 9 are the factors, while the number 54 is the product.
The amount earned In a month is 3250.
There are 12 months In a year.
The total month in 10 years = 10× 12 = 120 months
The total amount in the account for 10years = 120×3250 = 390,000
Therefore there will be 390000 in the account at the end of 10th year.
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Write an equation of a line that passes through the point (3, 2) and is parallel to the line y = 3x - 4.
y = 3x + 7
y = 3x - 7
y= 1/3x+2
y=1/3x-2
Answer:
[tex]y=3x-7[/tex]
Step-by-step explanation:
Parallel Lines:Parallel lines, by definition, never intersect. They have the same slope but different y-intercepts (otherwise they would be the same line) on a graph.
Slope-Intercept Form:
Slope-Intercept form is expressed as: [tex]y=mx+b[/tex], where
[tex]m = \text{slope}[/tex][tex]b = \text{y-intercept}[/tex]This form is super useful for linear equations as it gives us the two key features of a linear equation. It's how each of the options are formatted, so we know we'll have to use this form.
Generally Finding a Parallel Line:The line is parallel to [tex]y=3x-4[/tex], meaning it has a slope of 3, but also a y-intercept other than -4 (otherwise they would be the same equation).
So we can generally form an equation: [tex]y=3x+b\text{, }b\ne-4[/tex], so we can plug any value for "b" here (except -4) and have a parallel line
Finding a line passing through a point:Since we not only want to find a parallel line, but also one that passes through a specific point, we can use our general parallel equation: [tex]y=3x+b\text{, }b\ne-4[/tex], and plug in known values. We of course already have the slope plugged in, but now we have a (x, y) coordinate, which we can plug in for x and y in the equation.
Original Equation:
[tex]y=3x+b[/tex]
Point given: (3, 2), substitute in x=3 and y=2:
[tex]2=3(3)+b[/tex]
Simplify:
[tex]2=9+b[/tex]
Subtract 9 from both sides:
[tex]-7=b[/tex]
Now we can take this value. and plug it back into the general equation:
[tex]y=3x+(-7)\implies y=3x-7[/tex]
Now we have our answer!
A linear relationship is given in the table.
X-2
y-12-7-238
What is the slope of the relationship?
05
0-5
O
-10 12
01/130
5
0_1
5
The slope of the relation is 1/4
What is the slope of the table?You should know that slope is the rate of change of y with respect to x. slope is denoted by change in y over change in x
The table of values is given as:
x −2 −1 0 1 2
y −13 −9 −5 −1 3
The slope is calculated as:
Slope = y₂ - y₁/x₂ - x₁
So, we have
Slope = 2 - 1/3 + 1
Evaluate the like terms
Slope = 1/4
In conclusion, the slope of the relation is 1/4
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PLEASEEEE HELP MEE WITH THIS EQUATION
Answer:
Basically, LON would be 8z + 112 + 6z - 17
So, our equation will look like this
8z + 112 + 6z - 17 = -1z + 65
Subtract the 6z from the 8z
2z + 112 - 17 = -1z + 65
112 - 17 = 95
2z + 95 = -1z + 65
add the 1z
3z + 95 = 65
subtract the 95
-30
3z = -30
The answer is -10 :)
Step-by-step explanation:
Answer:
LON=75
Step-by-step explanation:
LON= LOM=NOM
-1z+65=8z+112-6z-17
-1z+65=2z+95
3z=-30
z=-10
LON= -1z+65
= -1(-10)+65
= 10+65
LON= 75