Given the demand function D(p) = 400-4p².

Find the Elasticity of Demand at a price of $8.

At this price, we would say the demand is:
-Inelastic
-Elastic
-Unitary

Based on this, to increase revenue we should:
-Keep Prices Unchanged
-Lower Prices
-Raise Prices

Answers

Answer 1

The Elasticity of Demand at a price of $8 is 0.056.

Given the demand function,

D(p) = 400 - 4p²

The formula to find the elasticity of demand is,

e = p/D

Here p is the price and D is the quantity demanded.

When p = $8,

D = 400 - (4 × 8²) = 144

Elasticity of demand = 8 / 144 = 0.056

Hence the elasticity of demand is 0.056.

Learn more about Elasticity of Demand here :

https://brainly.com/question/31109581

#SPJ1


Related Questions

In In a study of the effects of college student employment on academic performance, two random samples (one from students who worked and the other from students who did not work) were selected from college students at a large university. The following summary statistics for GPA were reported. Employed students sample size 114
Mean GPA 3.15
Std deviation 0.485
Non-employed students
Sample size 114
Mean GPA 3.23
std deviation 0.524
Compute a 90% confidence interval for the mean GPAs of non-employed students. Assume that the normal condition is met.
a. Identify the variables needed to solve the problem.
b. Find the standard deviation.
c. Calculate the point estimate and margin of error.
d. Calculate the confidence interval​

Answers

The standard deviation for non-employed students is given as 0.524,

the margin of error is 0.083 and the 90% confidence interval for the mean GPAs of non-employed students is (3.147, 3.313).

Variables needed to solve the problem Sample size (n)

Sample mean, Sample standard deviation (s), Confidence level (CL)

Margin of error (E)

b. The standard deviation for non-employed students is given as 0.524.

c. Point estimate:

The point estimate for the mean GPA of non-employed students is the sample mean, which is given as 3.23.

Margin of error:

We can use the formula for the margin of error:

E = z(s/√n)

For a 90% confidence level, the critical value is 1.645.

E = 1.645(0.524/√114) = 0.083

Therefore, the margin of error is approximately 0.083.

d. Confidence interval:

The confidence interval is given by the formula:

(3.23 - 0.083, 3.23 + 0.083)

= (3.147, 3.313)

Therefore, the 90% confidence interval for the mean GPAs of non-employed students is (3.147, 3.313).

To learn more on Statistics click:

https://brainly.com/question/30218856

#SPJ1

Find the final amount of money in an account if $7, 300 is deposited at 2% interest compounded semi annually and the money is left for 7 years

Answers

The final amount of money in the account after 7 years would be $8,790.56.

To calculate the final amount of money in an account, we can use the formula for compound interest:

A = [tex]P(1 + r/n)^{(nt)[/tex]

where A is the final amount of money, P is the initial amount of money, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.

In this case, we have P = $7,300, r = 0.02 (since the interest rate is 2%), n = 2 (since the interest is compounded semi-annually), and t = 7 (since the money is left for 7 years). Plugging these values into the formula, we get:

A = $7,300(1 + 0.02/2)¹⁴

A = $7,300(1.01)¹⁴

A = $8,790.56

This means that the initial investment of $7,300 earned $1,490.56 in interest over the 7-year period due to the compounding effect of the semi-annual interest payments.

To learn more about compound interest click on,

https://brainly.com/question/13085422

#SPJ1

You work independently as a copier salesperson. Last month, you sold 26 printers at a cost of $1,750 each. The cost of goods sold for each printer is $975. Additional operating expenses include your salary ($3,000/month), advertising ($50/month), and office lease ($550/month). Use this information to calculate (a) your gross profit and (b) your net income.

Answers

(A) The gross profit is $20,150.

(B) The net income is $16,550

To solve this problem

(A) To calculate the gross profit, we need to subtract the cost of goods sold from the total revenue generated by selling the printers.

Total revenue = 26 x $1,750 = $45,500

Cost of goods sold = 26 x $975 = $25,350

Gross profit = Total revenue - Cost of goods sold

Gross profit = $45,500 - $25,350

Gross profit = $20,150

Therefore, the gross profit is $20,150.

(B) To calculate the net income, we need to subtract all the operating expenses from the gross profit.

Gross profit = $20,150

Salary = $3,000

Advertising = $50

Office lease = $550

Total operating expenses = $3,600

Net income = Gross profit - Total operating expenses

Net income = $20,150 - $3,600

Net income = $16,550

Therefore, the net income is $16,550.

Learn more about subtract here : brainly.com/question/29386984

#SPJ1

27. Find the value of x. Then tell whether the side lengths form a Pythagorean triple.
27.
X =
Triple?

Need 27

Answers

Pythagoras theorem

The square of the hypotenuse is equal to the sum of the squares of the other two sides of a triangle.

Given:

Let us consider one length i.e. 16 to be Perpendicular and other length i.e. 19 to be Width.

According to the Pythagoras theorem:

[tex]\text{Hypotenuse}^2=\text{Perpendicular}^2+\text{Base}^2[/tex]

Let us consider the value of Hypotenuse to be x.

[tex]x^2=19^2+16^2[/tex]

[tex]x^2=361+256[/tex]

[tex]x^2=617[/tex]

[tex]x=\sqrt{617}[/tex]

[tex]x=24.84[/tex]

Thus, from the value of x we can infer that the given lengths are not forming Pythagorean triple.

Learn more:

brainly.com/question/343682

CO (
Which of the following is the result of the operation below?
123 6
1.1
-2
0 2
1.
15
11
-R1+R2+R2

Answers

The result of the matrix operation is

1   2   3   6

0  -1   -2  -8

0 2   1     5

Identifying the result of the matrix operation?

From the question, we have the following parameters that can be used in our computation:

Matrix A  

Such that the matrix is

1   2   3   6

1   1    1    -2

0 2   1     5

The matrix operation is -R1 + R2 = R2

So, we have

1   2   3   6

0  -1   -2  -8

0 2   1     5

Hence, the result is the matrix above

Read more about matrix at

https://brainly.com/question/2456804

#SPJ1

6 The Montreal Biosphere is a geodesic dome that surrounds an environmental
museum in Montreal, Canada. The dome has a volume of 6,132,812.5 cubic feet.
The structure is 75% of a full sphere. What is the length of its diameter?

Answers

The geodesic dome has a diameter of 249.958 feet.

How to determine the diameter of the Montreal Biosphere

In this problem we must determine the diameter of a geodesic dome located in Montreal, Canada, (D), in feet. The volume of the geodesic dome (V), in cubic feet, is well described by this formula:

V = (3 / 4) · (π / 6) · D³

If we know that V = 6,132,812.5 ft³, then the diameter of the geodesic dome is:

6,132,812.5 = (3 / 4) · (π / 6) · D³

D³ = 15,617,078.79 ft³

D = 249.958 ft

The diameter of the geodesic dome is equal to 249.958 feet.

To learn more on volumes of spheres: https://brainly.com/question/9994313

#SPJ1

a. A bag contains 4 red marbles, 5 yellows marbles, and 7 whites marbles. If a marble is drawn from the bag, replaced, and another marble is drawn,
what is the probability of drawing first a marble and then a marble?

Answers

Answer: 5/64

Step-by-step explanation:

The probability of drawing a red marble on the first draw is 4/16 = 1/4 (since there are 4 red marbles out of 16 total marbles).

After replacing the first marble, the probability of drawing a yellow marble on the second draw is 5/16 (since there are 5 yellow marbles remaining out of 16 total marbles).

Therefore, the probability of drawing a red marble and then a yellow marble is (1/4) x (5/16) = 5/64

figure B is a scaled copy of Figure A. What is the skill factor from Figure A to Figure B?

Answers

Answer:

1/4 = 0.25

Step-by-step explanation:

Scale Factor from Figure A  to Figure B = Figure B dimensions ÷ Figure A dimensions

Take any one side of Figure B and compare it with the corresponding side of Figure A and the ratio will give the scale factor. Since the figures are similar, the ratios of the other corresponding sides will be the same

Take horizontal top side of A which has a length of 4

The corresponding side of B has a length of 1

Therefore scale factor = 1/4 = 0.25

The other ratios are the same:
1.1/4.4 = 1.5/6 = 1/4 = 0.25

Find the square
(8m + 7)^2

Answers

Answer:

(8m + 7)^2 = 64m^2 + 112m + 49

(8m)^2 = 64m^2

2(8m)(7) = 112m

7^2 = 49

Expanding the expression (8m + 7)^2 using the square of a binomial formula, we get:

(8m + 7)^2 = (8m)^2 + 2(8m)(7) + 7^2
= 64m^2 + 112m + 49

Therefore, the answer is 64m^2 + 112m + 49.

18. Un comerciante vende una vaca por S/700.
Si le había costados S/500, ¿qué parte
representa la ganancia sobre el costo?
a) 2/5
b) 3/5
c) 4/5
d) 1/5 e) 6/5

Answers

La ganancia del comerciante es la diferencia entre el precio de venta y el costo, que es de S/700 - S/500 = S/200. La parte que representa la ganancia sobre el costo es la ganancia dividida por el costo, que es de S/200 ÷ S/500 = 2/5. Por lo tanto, la respuesta correcta es a) 2/5.

Dejon saves eight dollars in a week author saves four times the amount Dejon saves in the same week

Answers

The amount that Author saves in the same week is $32.

What is a simple equation?

An equation which has a variable of unknown value is referred to as a simple equation. Thus, the value of the variable is to be determined.

From the given question, it can be deduced that;

Dejon saves $8 per week, while Author saves four times that of Dejon.

Thus, this implies that;

the amount that Author saves same week = 4 * $8

                                 = $32

Therefore, the amount that Author save in the same week is $32.

Learn more about simple equation at https://brainly.com/question/31643599

#SPJ1

Q2: The population of a herd of deer is represented by the function P(t) = 205(1.13)t where t is given in years. To the nearest whole number, what will the herd population be after 6 years?

Answers

Answer:

584

Step-by-step explanation:

To find the herd population after 6 years, we need to evaluate P(6) using the given function:

P(6) = 205(1.13)^6

Using a calculator, we get:

P(6) ≈ 584

Rounding this to the nearest whole number, we get:

The herd population after 6 years ≈ 584.

An integer A written in an n-based number system is 647, while written in an (n+2)-based number system is 513. Write the number A in the 10 number system! (n is of course a positive integer)​

Answers

Answer:

79

Step-by-step explanation:

Let's start by writing out what we know:

A = 647 in base-n

A = 513 in base-(n+2)

To find A in base-10, we need to use the place value system and the definition of each base. Let's first convert A to base-10 using the given information.

In base-n, A is equal to:

A = 6n^2 + 4n + 7

In base-(n+2), A is equal to:

A = 5(n+2)^2 + 1(n+2) + 3

A = 5(n^2 + 4n + 4) + (n + 2) + 3

A = 5n^2 + 21n + 20

Now we have two expressions for A, so we can set them equal to each other and solve for n:

6n^2 + 4n + 7 = 5n^2 + 21n + 20

Simplifying and rearranging, we get:

n^2 + 8n + 13 = 0

Using the quadratic formula, we can solve for n:

n = (-8 ± sqrt(8^2 - 4(1)(13))) / (2(1))

n = (-8 ± 2) / 2

n = -3 or n = -5

Since n is a positive integer, we can disregard the negative solution and conclude that n = 3.

Now that we know n, we can substitute it back into the expression for A in base-n and solve for A in base-10:

A = 6n^2 + 4n + 7

A = 6(3^2) + 4(3) + 7

A = 79

Therefore, the number A written in base-10 is 79.

Hope this helps!

Make a rap about why a parallelogram is the best shape. Must be appropriate and at least a minute long. Giving brainless to whoever answers!!!

Answers

Ahem, here goes, my attempt at a minute-long rap in praise of the parallelogram:

Yo, listen up, the parallelogram is where it's at,

A shape so brilliant, the angles are sat.

Parallel sides that never converge,

Internal angles that never diverge.

Each side an equal length,

A geometry prodigy's dream length.

The diagonals intersect, another line through the middle they meet,

Creating symmetry so neat.

A rectangle it could be,

But it's oblong, not square, can't you see?

With depth and width in perfect balance we see,

A two-dimensional form of complexity.

While the square is simple, the parallelogram is hip,

A mathematical masterpiece, skip, skip, skip!

four right angles keep the shape so tight,

Parallel lines dominate left and right.

Rotated or reflected without a care,

Its structural integrity beyond compare.

triangles form at each corner you'll note,

Acute or obtuse, depends on the protractor's groove.

A versatile shape with reason and purpose galore,

The parallelogram, simply, carries the floor.

From geometry to art, its angles they intrigue,

As a basis for patterns, its potential we can truly plug.

A forgotten form that deserves more acclaim,

Put the parallelogram on geometry's game!

This shape so underrated, rarely appreciated it seems,

But with logic and virtue, strong foundations it gleams.

The parallelogram, the parallelogram, Hooray!

This is why the parallelogram is the best shape, I say!

Identify the domain and range of the function. y=√x−4
A. Domain: x≥−4, Range: y≥0
B. Domain: x≥4, Range: y≥0
C. Domain: x≤4, Range: y≤0
D. Domain: x≥0, Range: y≥4

Answers

Using the function y = √ (x-4) has the following:

Domain: x≥−4, Range: y≥0.

Correct answer is A.

Define a function?

A function is a relationship between each element of a non-empty set A and at least one element of another non-empty set B. A relation f between a set A (the function's domain) and a set B is how a function is defined in mathematics (its co-domain). Anytime an A and b B exist, f = (a,b)|

The domain of the function y=√ (x-4) is restricted by the square root of a non-negative number, which means that x-4 must be greater than or equal to zero. Thus, we have:

x-4 ≥ 0

x ≥ 4

Therefore, the domain of the function is x≥4.

The range of the function is determined by the output values of the function. Since the square root of any non-negative number is always non-negative, the output values of the function y=√x-4 will always be non-negative. Thus, the range of the function is y≥0.

Therefore, the correct answer is A. Domain: x≥−4, Range: y≥0.

To know more about functions, visit:

https://brainly.com/question/30721594

#SPJ1

answer with explanation ​

Answers

Answer:

Area = 20 [tex]units^{2}[/tex]

Perimeter  = 18 units

Step-by-step explanation:

Helping in the name of Jesus.

Professional Golfers’ Earnings Two random samples of earnings of professional golfers were selected. One sample was taken from the Professional Golfers Association, and the other was taken from the Ladies Professional Golfers Association. At , is there a difference in the means? The data are in thousands of dollars. Use the critical value method with tables.

PGA:
446, 1147, 9188, 5687, 4910
8553, 7573, 375

LPGA
76, 122, 466, 863, 100
1876, 2029, 4364, 2921

use u1 for the mean earnings of pga golfers. assume the variables are normally distributed and the variances are unequal

h0:
h1:
this hypothesis test is (one tailed or two tailed)
critical value(s)
t=
reject or do not reject the null hypothesis
is there enough evidence to support the claim

Answers

As per the hypothesis, t (1.7518) is less than the critical value (1.7823), we fail to reject the null hypothesis.

For this scenario, our null and alternative hypotheses can be stated as follows:

H0: u₁ - u₂ = 0 (There is no significant difference between the mean earnings of PGA and LPGA golfers)

H1: u₁ - u₂ > 0 (There is a significant difference between the mean earnings of PGA and LPGA golfers)

Assuming a level of significance (alpha) of 0.05, the degrees of freedom can be calculated as follows:

df = (s₁²/n₁ + s₂²/n₂)² / [(s₁²/n₁)²/(n₁-1) + (s₂²/n₂)²/(n₂-1)]

where s₁ and s₂ are the sample standard deviations, n₁ and n₂ are the sample sizes.

For the PGA sample, we have n₁ = 8, s₁ = 3139.71

For the LPGA sample, we have n₂ = 8, s₂ = 1232.59

Using the above formula, we get df = 12.61

Using a t-distribution table with 12 degrees of freedom and a one-tailed test, we find the critical value to be 1.7823.

Next, we need to calculate the test statistic t, which can be calculated as follows:

t = (x₁ - x₂) / √[s₁²/n₁ + s₂²/n₂]

where x₁ and x₂ are the sample means.

For the PGA sample, we have x₁ = 4358.22

For the LPGA sample, we have x₂ = 1128.50

Using the above formula, we get t = 1.7518.

Now, we can compare the test statistic t to the critical value 1.7823. Since In other words, we do not have enough evidence to support the claim that there is a significant difference between the mean earnings of PGA and LPGA golfers.

To know more about hypothesis here

https://brainly.com/question/29576929

#SPJ1

A wildlife group is trying to determine how many wild hogs are in a certain area. They trapped, tagged, and released 20 wild hogs. Later, they counted 8 wild hogs out of the 40 they saw.
What can the wildlife group estimate is the total population of wild hogs in that area

A. 80
B. 90
C. 100
D. 16

Answers

Answer:

The correct answer is 16

Step-by-step explanation:

Answer:

C. 100

Step-by-step explanation:

Assuming that the proportion of tagged hogs in the population is the same as the proportion of tagged hogs in the sample that was later observed, we can set up a proportion to estimate the total population of wild hogs:

tagged hogs in population / total population = tagged hogs in sample / size of sample

We know that 20 wild hogs were tagged and released, and that 8 out of 40 hogs observed were tagged. So we can plug these numbers into the proportion and solve for the total population:

20 / total population = 8 / 40

Simplifying this equation, we get:

total population = (20 * 40) / 8 = 100

Therefore, the wildlife group can estimate that the total population of wild hogs in the area is 100. Answer choice C is correct.

Hope this helps!

Find the critical value zc necessary to form a confidence interval at the level of confidence shown below.
c =0.81

Answers

Hence, the critical value for the 81% confidence interval is 1.311 occurs while comparing equations (1) and (2).

Explain about the Critical Values:

The cut-off scores used during confidence intervals, hypothesis testing, and other statistical techniques are known as the crucial values. They are used to establish the boundaries of confidence intervals in the case of confidence intervals.

Level of confidence c = 0.81

The degree of assurance c =  81%.

Now, the overall confidence level is shown as (1−α) , where α is the significance level.

= 1.0 - 0.81

= 0.19

Thus, the 81% confidence level suggests a significance level of 0.19.

Critical value Z(α/2) is:

P(Z >   Z(α/2)) =  (α/2)

                       = 0.19/2

P(Z >   Z(α/2)) = 0.095  ...eq 1

Using the z-table online, check the p-value for the z 0.095.

P(Z > 1.311) = 0.095  ...eq 2

Hence, the critical value for the 81% confidence interval is 1.311 occurs while comparing equations (1) and (2).

Know more about the Critical Values

https://brainly.com/question/15970126

#SPJ1

Which graph shows the image of ABC after a rotation about the origin

Answers

Answer:

I would say C. Because it shows ABC, and all the others are either upside down or lopsided. I hope it was correct for you

Ms. Rosen sells computers. Last month she sold 72 computers, and her
goal is to sell 12% more computers this month than she sold last month.
How many computers does she need to sell to reach her goal?

Answers

81

72 + (12% of 72) = 80.64 and since you can't sell .64 computers, she needs to sell 81.

quadratic equations. A positive real number is 4 more than another. If the sum of the squares of the two numbers is 56, find the numbers.

Answers

Answer:

  2√6 +2 and 2√6 -2

Step-by-step explanation:

You want two numbers such that one is 4 more than the other and the sum of their squares is 56.

Setup

Let x represent the smaller number. The the sum of the squares of the two numbers is ...

  x² +(x +4)² = 56

Solution

Simplifying the equation, we have ...

  2x² +8x +16 = 56

  x² +4x = 20 . . . . . . . . . subtract 16, divide by 2

  x² +4x +4 = 24 . . . . . . add 4 to complete the square

  (x +2)² = 2²·6 . . . . . . . write in terms of squares

  x = 2√6 -2 . . . . . . . . positive square root, subtract 6

The two numbers are 2√6 -2 and 2√6 +2.

__

Additional comment

Their approximate decimal values are 6.8990 and 2.8990. As you expect, the sum of the squares of the rounded values differs slightly from 56.

b) A rectangular table has length (3x+2) m and width 9m. If the area of the table is 153m square. Find the perimeter of the table​

Answers

The perimeter of the rectangular table is 52m.

What are the rectangle's area and perimeter?

When calculating a rectangle's area, we multiply the length by the width of the rectangle. In essence, the area of a rectangle is equal to the sum of its length and breadth. The perimeter of a shape is the space surrounding it. Space inside a shape is measured by area.

Area of rectangular table = length * breadth

Here, length of the table = 3x+2

width of the table = 9

Area of rectangular table = 153m

(3x+2) * 9 = 153

3x + 2 = 153/9

3x = 17 -2

x = 15/3

x = 5

Now, the length of the table = 3x+2

= 3*5 + 2

= 15+2

= 17m

Perimeter of the rectangle = 2(length+width)

= 2(17+9)

= 2(26)

= 52m

To know more about rectangle check the below link:

https://brainly.com/question/2607596

#SPJ9

Determine the length of a chord whose central angle is 80° in a circle with a radius of 4 centimeters. Question 9 options: 3.94 cm 2.57 cm 5.14 cm 7.88 cm

Answers

The length of the chord whose central angle is 80° in a circle with a radius of 4 centimeters is 5.14 cm using the law of cosines.

Given that,

Central angle of a chord = 80°

Radius of the circle = 4 centimeters

There will be a triangle formed by the chord and the two radius.

Let a be the length of the chord.

Using the law of cosines,

a² = 4² + 4² - (2 × 4 × 4) cos (80°)

a² = 16 + 16 - 32 cos (80°)

a² = 32 - 32 cos (80°)

a² = 26.4433

a = 5.14

Hence the length of the chord is 5.14 cm.

Learn more about Law of Cosines here :

https://brainly.com/question/17289163

#SPJ1

The ordered pairs represent an absolute value function (f): (-3,9) (-1,1) (2,5)
Describe the relationship between that function and g(x)=4|x+5|-3.
The graph of f is translated ___ units up and ___ units to the left from the graph of g.

Answers

The relationship between the functions f(x) and g(x) is not by translation

Describing the relationship between the functions

From the question, we have the following parameters that can be used in our computation:

Function f(x) = (-3, 9), (-1, 1) and (2, 5)Function g(x) = 4|x + 5| - 3

When the ordered pairs and the graph g(x) are plotted on a graph, we can see that the function f(x) is not and cannot be translated in any way to get the function g(x)

This means that the relationship between the functions is not by translation

Read more about transformation at

https://brainly.com/question/27224272

#SPJ1

Need help answering all these questions

Answers

Vector operations are a powerful tool for solving mathematical and real-world problems that involve direction and magnitude.

What are the steps involved?

Here are some general steps for using vector operations to solve problems:

Define the problem: Start by clearly defining the problem and the variables involved. Identify the quantities that need to be represented by vectors, such as position, velocity, force, or acceleration.

Represent the vectors: Represent the vectors using appropriate notation. For example, a vector in two-dimensional space can be represented as (x, y), where x and y are its components along the x- and y-axes, respectively. A vector in three-dimensional space can be represented as (x, y, z).

Perform vector operations: Use vector operations such as addition, subtraction, scalar multiplication, dot product, cross product, and projection to manipulate the vectors and solve the problem. For example, to add two vectors, you simply add their components separately. To find the dot product of two vectors, you multiply their corresponding components and then add the products.

Interpret the results: Once you have obtained a solution, interpret the results in the context of the problem. Make sure your answer makes sense and is physically plausible.

Here are some examples of how vector operations can be used to solve real-world problems:

Finding the resultant force acting on an object: If multiple forces are acting on an object, you can use vector addition to find the resultant force, which is the net force that determines the object's motion. The direction and magnitude of the resultant force can be found using trigonometry.

Calculating the trajectory of a projectile: When a projectile is launched into the air, its motion can be described using vectors. By using the principles of projectile motion and vector operations, you can calculate the trajectory of the projectile, its maximum height, its range, and its time of flight.

Analyzing fluid flow: Fluid flow can be analyzed using vectors, particularly velocity vectors. By visualizing the flow using vector fields, you can determine the direction and magnitude of the flow at different points, and identify features such as vortices, eddies, and turbulence.

Learn more about vector on;

https://brainly.com/question/25705666

#SPJ1

Super Markets Incorporated, is considering expanding into the Scottsdale, Arizona, area. You, as director of planning, must present an analysis of the proposed expansion to the operating committee of the board of directors. As a part of your proposal, you need to include information on the amount people in the region spend per month for grocery items. You would also like to include information on the relationship between the amount spent for grocery items and income. Your assistant gathered the following sample information.


Household Amount Spent Monthly Income
1 $ 555 $ 4,340
2 489 4,510
. . .
. . .
. . .
39 1,206 9,814
40 1,145 9,835

picture Click here for the Excel Data File

a-1. Draw a scatter diagram.

1. On the graph below, use the point tool to plot the point corresponding to the Monthly Income and the Amount Spent (Amount 1).

2. Repeat the process for the remainder of the sample (Amount 2, Amount 3, … ).

3. To enter exact coordinates, double-click on the point and enter the exact coordinates of x and y.



a-2. Based on these data, does it appear that there is a relationship between monthly income and amount spent?




b-1. Determine the correlation coefficient. (Round your answer to 4 decimal places.)



b-2. Can we conclude that there is a positive correlation between monthly income and amount spent? Use the 0.05 significance level.



c. Determine the coefficient of determination. (Round your answer to 4 decimal places.)



d. Determine the standard error of estimate. (Round your answer to 4 decimal places.)



e. Would you recommend using the regression equation to predict amount spent with monthly income?

multiple choice
Yes
No

PrevQuestion 13 of 16 Total13 of 16Visit question mapNext

Answers

The above is an analysis of data related to income and expenditure. See the working below as well as the attached information.

What is the analysis of the given data?

Scatter diagram is attachedpoints are plotted on the graphCorrelation coefficient (r) = 0.9451

R Calculation

Note that:

X: X Values

Y: Y Values

Mx: Mean of X Values

My: Mean of Y Values

X - Mx & Y - My: Deviation scores

(X - Mx)2 & (Y - My)2: Deviation Squared

(X - Mx)(Y - My): Product of Deviation Scores

X Values

∑ = 273195

Mean = 6829.875

∑(X - Mx)2 = SSx = 119242794.375

Y Values

∑ = 33625

Mean = 840.625

∑(Y - My)2 = SSy = 2396869.375

X and Y Combined

N = 40

∑(X - Mx)(Y - My) = 15978328.125

R Calculation

r = ∑((X - My)(Y - Mx)) / √((SSx)(SSy))

r = 15978328.125 / √((119242794.375)(2396869.375)) = 0.9451

Thus, the value of R is 0.9451.

4. This is a strong positive correlation, which means that high X variable scores go with high Y variable scores (and vice versa).

5) The value of R², the coefficient of determination, is 0.8932.

To drive this, just square the coefficient of determination. That is

R² = 0.9451² = 0.8932

5. To compute the standard errors of the estimate:


SE = √(SSE / (n-2))

where SSE is the sum of squared errors and n is the sample size.

From the regression output, we have SSE = 0.9326 and n = 40.

SE = √ (0.9326 / (40-2)) = 0.1570

Therefore, the standard error of estimate is 0.1570.



6) Yes, because the coefficient of determination is high (0.8932), indicating that 89.32 % of the variability i  n the amount spent can be explained by the linear relationship with monthly  income.

Learn more about data Analysis at:

https://brainly.com/question/13103333

#SPJ1

Full Question:

Although part of your question is missing, you might be referring to this full question: See attached.

Al saves pennies he agreed to give 2/5 of his pennies to Bev if she would give 2/5 of what she got from Al to Carl and if Carl intern would give 2/5 of what he got from Bev to Danny Bev Carl and Danny agree and then he receives 48 pennies how many pennies did Al have initially

Answers

The requried, Al initially had 750 pennies.

Let's start by finding out how many pennies Bev got from Al. According to the problem, Al gave 2/5 of his pennies to Bev. So, if we let x be the number of pennies Al initially had, then Bev received 2/5 of x or (2/5)x pennies.

We know that Bev gave 2/5 of what she got from Al to Carl. So, Carl received 2/5 of (2/5)x or (4/25)x pennies.

Carl gave 2/5 of what he got from Bev to Danny. So, Danny received 2/5 of (4/25)x or (8/125)x pennies.

And we are told that Danny received 48 pennies. So, we can write:

(8/125)x = 48

Multiplying both sides by (125/8), we get:

x = 750

Therefore, Al initially had 750 pennies.

Learn more about ratios and proportions here:

https://brainly.com/question/29295058

#SPJ1

NEED HELP WILL GIVE BRAINLIEST AND WILL RATE. Show work and I only need #2

Answers

Answer:

Whenever the base of an exponential function is less than 1 (5/7 < 1), the graph exhibits exponential decay and when the base is greater than 1, the graph exhibits exponential decay (7 > 1).

Final answer:  a base of 7 will cause the graph to increase as you go from left to right in both the x coordinates and the y coordinates.  

I provided a picture of a graph that shows both bases just in case you want to alter my answer slightly, but aren't sure how the graph would look

Question 5
Which of the following functions best describes this graph?
4
Ay=x²-2x+4
OB. y +9x+18
OC. ys (x+5)(x-4)

Answers

Answer:

D. y = (x - 3)(x - 6)

Step-by-step explanation:

The graph shows a parabola and the parabola intersects the x-axis at (-6, 0) and at (-3, 0).  When a function intersects the x-axis, the y value must automatically equal 0, since there is only horizontal movement on the x-axis.

(x-3)(x-6) is a binomial expression that will make a quadratic equation when expanded.  We refer to the coordinate where a parabola intersects the x-axis as roots, which are numbers that make the quadratic equation equal 0.

We know from the zero-product property, that when the product of two numbers is 0, at least on the numbers must be 0 (e.g., 4 * 0 = 0 or even 0 * 0 = 0).  Thus, we can solve any quadratic equation in the the x-intercept form (i.e., the form tha (x-3)(x-6) is currently in) by setting both expressions equal to 0 and solving for x.  This wil give an x-coordinate both times, but since you set the equations equal to 0, you know that your y-coordinate each time is 0:

Solution for x - 3 = 0:

x - 3 = 0

x = 3

Solving for x - 6 = 0

x - 6 = 0

x = 6

You can check by plugging in 3 for x and 6 for x and see if you get 0:

3 for x:

(3 - 3)(3 - 6) = 0

0 * -3 = 0

0 = 0

6 for x:

(6 - 3)(6 - 6) = 0

3 * 0 = 0

0 = 0

Other Questions
[answer one] rights are rights to be free from outside interference, whereas [answer two] rights are the rights to receive certain benefits. Blossom Company sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Cost Net Realizable Value Small $ 64,140 $ 68,500 Medium 316,900 238,010 Large 144,950 166,740Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. X The total inventory value 530,350 $______Click if you would like to Show Work for this question: Use the following two statements in answering this question: 1. All Giffen goods are inferior goods. II. All inferior goods are Giffen goods. I and II are true. Olis false, and II true o l is true, and II is false. definition of a tangent? The arteries that arise from the bifurcation of the abdominal aorta are the Given the data definition: var1 WORD 9325h the data in var1 must be a positive number. True or False? peter borrowed $250. he paid $25 interest and a service charge of $2.50. what is his finance charge? a. $2.50 b. $25.00 c. $27.50 d. $250.00 e. $277.50 How to find r and h out of slant height equation , Topic: Cones, Subject Geometry and Trigonometry If Denise switched to a cafeteria-based benefits plan, she would:1. Require employees to get all of their benefits from external providers2. Allow employees to choose those benefits that are most important to them3. Drop vision and dental benefits for employees4. Eliminate nonmandatory benefits from the overall plan Due to heavy rains, saturation level is rising in the slope, but no water is being accumulated at the toe of the slope. Develop a graph showing the factor of safety vs. saturation level in slope. Identify calculation method and include backup for saturation level at 20 ft (calculations or Slope/W printouts) Saturation level. Which of the following is true? O A company with a strong set of values does not need a formal compliance system, O All ethics training should be conducted through new employee orientation O The US Sentencing Guidelines encourage companies to have a strong, proactive compliance program O rganizational experience suggests that an "ethics action line" is unnecessary because it promotes "tattling" on people an employee doesn't like joseph contributed $33,750 in cash and equipment with a tax basis of $9,600 and a fair market value of $20,100 to berry hill partnership in exchange for a partnership interest. For 0 t 13, an object travels along an elliptical path given by the parametric equations x = 3 cost and y= 4 sin t. At the point where t = 13, the object leaves the path and travels along the line tangent to the path at that point. the rocket is in circular orbit about the earth at an altitude of 20 mm. determine the minimum increment in speed it must have in order to escape the earths gravitational field En gentica la descripcin de la apariencia de un organismo se denomina the organization of this passage can best be described as Prove the assumption that Sis not a member of Sleads to a contradiction. Rank the options below Therefore, by definition of S, S in S Suppose Snot in S That is a contradiction. A nurse assesses clients on the medical-surgical unit. Which clients are at risk for kidney problems? (Select all that apply.)a. A 24-year-old pregnant woman prescribed prenatal vitaminsb. A 32-year-old bodybuilder taking synthetic creatine supplementsc. A 56-year-old who is taking metformin for diabetes mellitusd. A 68-year-old taking high-dose nonsteroidal anti-inflammatory drugs (NSAIDs) for chronic back paine. A 75-year-old with chronic obstructive pulmonary disease (COPD) who is prescribed an albuterol nebulizer Draw the mechanism of the dehydration of alpha-terpineol to alpha-pinene. Include all the intermediates (A mechanism involves arrow pushing, writing -H+ or -H2O are not considered mechanistic steps). what expression is equivalent to 91 plus 39?