4. A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with each copy printed costing an additional $0.40. If C(q) is the cost function (in $) of the price of the print run as a function of copies printed, what is the formula for C(q)?Select one:a.C(q) = 500 + 0.4qb.C(q) = 500q + 0.4c.C(q) = (500 + 0.4)qd.C(q) = 500 - 0.4qe.C(q) = 500q - 0.45. A hot dog vendor sells an average of 50 hot dogs during a Little League baseball game. If the sales are Normally distributed with a standard deviation of 7 hot dogs, what is the probability the vendor will sell between 45 and 65 hot dogs?Select one:a.74.50%b.92.36%c.99.78%d.174.50%e.2.14f.-0.71g.0.71

Cost function indicating the sum value of the cost. Here, we develop the cost function by…

Answered: A publisher prints copies of a popular…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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4. A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with each copy printed costing an additional $0.40. If C(q) is the cost function (in $) of the price of the print run as a function of copies printed, what is the formula for C(q)?

Select one:

C(q) = 500 + 0.4q

C(q) = 500q + 0.4

C(q) = (500 + 0.4)q

C(q) = 500 - 0.4q

C(q) = 500q - 0.4

A hot dog vendor sells an average of 50 hot dogs during a Little League baseball game. If the sales are Normally distributed with a standard deviation of 7 hot dogs, what is the probability the vendor will sell between 45 and 65 hot dogs?

Select one:

74.50%

92.36%

99.78%

174.50%

2.14

-0.71

0.71

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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