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The cost to produce widgets described by the function:
C(x) = 5000 - 18.5x.
The revenue from the sale of these widgets is given by the function:
R(x) = 27x.
Both Revenue and Cost are in dollars ($). Plot these two lines on a graph then answer the following questions.
1. What is the significance of the point of intersection between the two lines?
2. If profit is the difference between revenue and cost, can you determine a profit function P(x) from these two lines? Show work for credit.
3. Give an interpretation the $5000 found in the cost function. What do you think it could represent?
Explanation to "Statistics - Probability" question Suppose you randomly place 'r' indistinguishable balls into 'n' boxes. (a) how many different ways do you have
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Imagine the to the right shows some of the winning times (in minutes) of an annual race from 1954 to 2006, together with a linear approximation of the data (a) The equation for the linear approximation of this data is y= -0.02016x + 54.05. What d..
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Then draw the nullclines for this system and indicate which are the x and y-nullclines. Sketch the direction field in the regions between the nullclines
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A statistics professor plans his classes so carefully that the lenghts of his classes are uniformly distributed 50.0 and 52.0 minutes. Find the probably that a given class period runs greater than 51.5 minutes.
Find the term to replace the question mark in order to complete the series. 5, 9, 21, 37, 81, ?
In your opinion, is a transformation needed? Explain your response. If you believe a transformation is needed, conduct the transformation.
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