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Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 each and 49 at $38 each. Assuming the supply and demand functions are linear, find the market equilibrium point. Then give a sentence answer which states its meaning.
Probability when throwing five six-sided dice, Compute the probabilities for each of the following when you throw five-six handed dice.
If interest is compounded annually, it grows as follows. Suppose P0 is the initial amount and INT is the interest rate per year. If P1 and P2 represent the balance at the end of the first and second year
Use chain rule to verify that every function of the form. Then use this fact to find the solution which also satisfies the initial conditions:
Apply Chi Square test of independence to test whether there exists any association between two variables.
Queuing Analysis explained in this solution. The Riverview Clinic has two general practitioners who see patients daily. An average of six patients arrive at the clinic per hour. Each doctor spends an average of 15 minutes with a patient.
Prove that there is a positive integer that equals the sum of the positive integers not exceeding it. Is your proof constructive or nonconstructive?
A drug company believes that the annual demand for a drug will follow a normal random variable with a mean of 900 pounds and a standard deviation of 60 pounds.
Prove that any two universal (initial) objects in a category C are equivalent. Prove that any two couniversal (terminal) objects in a category C are equivalent.
The concessions manager at our local college baseball game must decide whether to have the vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of overcast skies, and a 55% chance of sunshine, according to the weather ..
In a bag there are 2 red, 3 yellow, 4 green, and 6 blue marbles. What is the probability of P (yellow or green)? Choose the best answer from the options below
Use the mathematical and graphical analyses to determine the equation of the above function if the parabola cross the line y=2x at two points with the x-coordinates 0 and 10. and determine the domain and range of the variables
let x denote the number of ticketed airline passengers denied a flight because of overbooking. suppose that x is a random variable for which p(x) = c(5-x) for x = 0,1,2,3,4. find the numerical value of c and then compute P(x>0)
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