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1. A manufacturer has been selling 1000 television sets a week at $450 each. A market survey indicates that for each $10 rebate offered to the buyer, the number of sets sold will increase by 100 per week.
(a) Find the demand function.
(b) How large a rebate should the company offer the buyer in order to maximize its revenue?
(c) If its weekly cost function is C(x)=68,000+150x, how should the manufacturer set the size of the rebate in order to maximize its profit?
Find the probability that the driver was intoxicated or the pedestrian was not intoxicated?
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Category of decision rule which contains maximax decision rule is?
They also know that the distribution of loss from fire has a skewed distribution; many have $0.00 losses and a few have large losses.
Construct a 95% confidence interval estimate of their mean weight.
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A rental agent claims that the mean monthly rent,u, for apartments on the east side of town is less than$725 . A random sample of 13 monthly rents for apartments on the east side has a mean of$714
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