A factory produces shirts. The cost, C, in Fijian dollars (FJD), of producing x shirts can be modelled by C(x) = (x – 75) + 100. The cost of production should not exceed 500 FJD. To do this the factory needs to produce at least 55 shirts and at most s shirts. a. Find the cost of producing 70 shirts. b. Find the value of s. c. Find the number of shirts produced when the cost of production is lowest.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A factory produces shirts. The cost, C, in Finjian dollars (FJD), of producing x shirts can be modelled by C(x)=(x-75)^2 +100. The cost of production should not exceed 500 FJD. To do this the factory needs to produce at least 55 shirts and at most s shirts.
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