Cost, Revenue, Profit
Identify the relevant information given to you in the application problem below. Use that information to answer the questions that follow on cost, revenue and profit.
Round your answers to two decimal places as needed.
You decide to begin selling frozen bananas at the local park. Your cost for each frozen banana is $2.25 plus you have to pay a fixed weekly fee of $120 for the booth. Your plan is to sell each frozen banana for $3.51.
1. Write a function, Cin), to represent your total costs for the week if you sell n frozen bananas. C(n) 2.25 + 120
2. Write a function, R(n), to represent the revenue from the sale of n frozen bananas during the week. R(n) 3,5ln
3. Write a function, P(n), that represents the profits for selling n frozen bananas in a given week. P(n) 1.26n - 120
1. How many frozen bananas must you sell in order to make a positive profit? Write your answer as a whole number. 95.23809524 frozen bananas
2. Complete the following sentence to explain the meaning of #1:
In order to make a profit, I have to sell a minimum of________

Answers

Answer 1

Answer:

1. C(n) = 2.25n + 120

2. R(n) = 3.51n

3. P(n) = 1.26n - 120

1. 96 frozen bananas must be sold in order to make a positive profit.

2. In order to make a profit, I have to sell a minimum of 96 frozen bananas.

Step-by-step explanation:

1. Write a function, C(n), to represent your total costs for the week if you sell n frozen bananas.

Total cost is the addition of total variable cost and total fixed cost. Therefore, the function is as follows:

C(n) = 2.25n + 120

Where 2.25n is the total variable cost while 120 is the total fixed cost.

2. Write a function, R(n), to represent the revenue from the sale of n frozen bananas during the week.

Revenue is equal to selling price per unit multiplied by the number of units sold. Therefore, the function is as follows:

R(n) = 3.51 * n

R(n) = 3.51n

Where 3.51 is the selling price per unit while n the number of units sold.

3. Write a function, P(n), that represents the profits for selling n frozen bananas in a given week.

Profit is equal to total revenue minus total cost. Therefore, the function can be derived as follows:

P(n) = R(n) - C(n)

P(n) = 3.51n - 2.25n + 120

P(n) = 1.26n - 120

1. How many frozen bananas must you sell in order to make a positive profit? Write your answer as a whole number.

This can be obtained by equating the profit function to zero and solve for n as follows:

P(n) = 0 => 1.26n - 120 = 0

Therefore, we have:

1.26n = 120

n = 120 / 1.26

n = 95.2380952380952 frozen bananas

Writing it as a whole number, we have:

n = 95 frozen bananas

However, using this whole number will result in a negative profit by substituting it into the profit function as follows:

P(n) = (1.26 * 95) - 120 = -$0.30

Therefore, n has to be increased by one to 96 which is also a whole number to have a positive profit as follows:

P(n) = (1.26 * 96) - 120 = $0.96

Therefore, 96 frozen bananas must be sold in order to make a positive profit.

2. Complete the following sentence to explain the meaning of #1:

In order to make a profit, I have to sell a minimum of 96 frozen bananas.


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Answer:

  A.  40° and 40°

Step-by-step explanation:

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Answers

Answer:

Well, a is supposed to be an unknown number. And that unknown number is supposed to multiply by 8. Now A is suppose to equal 8.4.

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Step-by-step explanation:

2. (5 x 2/5) = 2

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Answer:

13, 18, 14

Step-by-step explanation:

which inequality represents the sum
of x and y is at most 15?
a.)x-y_>15
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d.)x-y<15​

Answers

Answer:

x+y≤15

Step-by-step explanation:

We need to write an inequality that represents the sum of x and y is at most 15. At most in inequality is defined as less than or equal to i.e. ≤.

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According to question;

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Step-by-step explanation:

Hope this Helps! : )

B

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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19. A sample of 50 retirees is drawn at random from a normal population whose mean age and standard deviation are 75 and 6 years, respectively.19a. Describe the shape of the sampling distribution of the sample mean in this case.19b. Find the mean and standard error of the sampling distribution of the sample mean.19c. What is the probability that the mean age exceeds 73 years

Answers

Answer:

a) Approximately normal.

b) The mean is 75 years and the standard deviation is 0.8485 years.

c) 0.9909 = 99.09% probability that the mean age exceeds 73 years

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Sample of 50 retirees

This means that [tex]n = 50[/tex]

Mean age and standard deviation are 75 and 6 years

This means that [tex]\mu = 75, \sigma = 6[/tex]

a. Describe the shape of the sampling distribution of the sample mean in this case

By the Central Limit Theorem, approximately normal.

b. Find the mean and standard error of the sampling distribution of the sample mean.

By the Central Limit Theorem, the mean is 75 and the standard error is [tex]s = \frac{6}{\sqrt{50}} = 0.8485[/tex]

c. What is the probability that the mean age exceeds 73 years?

This is 1 subtracted by the pvalue of Z when X = 73.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{73 - 75}{0.8485}[/tex]

[tex]Z = -2.36[/tex]

[tex]Z = -2.36[/tex] has a pvalue of 0.0091

1 - 0.0091 = 0.9909

0.9909 = 99.09% probability that the mean age exceeds 73 years

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Answers

Answer:

Height = 6 units

Step-by-step explanation:

Recall that the volume of a pyramid is defined as:

Volume = 1/3  Base x Height

Then, in our case we have:

140 = 1/3 (70) x Height

we multiply by 3 both sides to eliminate the fraction on the right:

420 = 70  Height

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and the black flaure the ima Name a possible rotation and the degree in which it turned

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Answer is in the file below

tinyurl.com/wpazsebu

SOME ONE PLS HELP ME ASAP OP THE TEACHER CALLED ON ME AND SHE SAID THAT I HAVE 5 MINS TO FIGURE THIS OUT ​

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Answer:

a F

Step-by-step explanation:

Normally when converting to scientific notation, I would count how many digits I have to move the decimal dot to get it in between the number, in this case, 36.

If you start shifting the decimal dot to the right and count one every time you shift one digit and go all the way to between 3 and 6, you would count to 5. Since you are shifting to the right, the power of the 10 should be negative. Thus, the answer should be 3.6 × 10[tex]^{-5}[/tex] which is F.

Answer:

option A F is the answer

3.6 x 10^-5

Step-by-step explanation:

i have a tip for you,

if the number is smaller starting with 0.000....

then the exponent will be a negative number

Find b and c so that y =
2x^2 + bx+c has vertex (0,-2)
b=
C=

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Answer:

Step-by-step explanation:

5 2/6 - 2 3/6 in simplest form

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Answer:

I believe 25/ 6 is the answer

Step-by-step explanation:

bir bidonun 2/7 si dolu iken içinde 4 litre su bulunuyor bidon kaç litre su alır ​

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Answer:

The canister hold water = 14 litres

Step-by-step explanation:

Given - While 2/7 of a canister is full, it has 4 litre water in it.

To find - How many litres of water does the canister hold?

Proof -

Given that,

When is canister is [tex]\frac{2}{7}[/tex] full , Total water = 4 litre

⇒If the canister is full , Total water = 4×[tex]\frac{7}{2}[/tex] litre

                                                         = 2 × 7 = 14 litres

⇒The canister hold water = 14 litres

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Answer:

6 days

Step-by-step explanation:

Answer:

6 days

Step-by-step explanation:

1 day=1/2

2 day=1

3 day=1 and 1/2

4 day=2

5 day=2 and 1/2

6 day=3

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At the Dream Cone ice cream shop, there are
540 ways to make an ice cream sundae
consisting of one flavor of ice cream, one
topping, and one type of syrup. If there are 9
ice cream flavors and 5 types of syrup, how
many toppings are there?

Answers

Answer:

12 toppings

Step-by-step explanation:

5*9=45

540/45=12

The number of toppings in the ice cream cone are 9.

What is an equation?

In mathematics, an equation is a formula that expresses the equality of two expressions, by connecting them with the equals sign =.

Given that, there are 540 ways to make an ice cream sundae consisting of one flavor of ice cream, one topping, and one type of syrup.

Let the number of toppings be x.

So, 9×5×x=540

⇒ 45x=540

⇒ x=9

Therefore, the number of toppings in the ice cream cone are 9.

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