Find E (p) for the price demand equation and interpret the results. x = f(p) = 1200(50p) where p-$28 E(28)= type your answer... (round to 2 decimal places) Does this indicate that the price is elastic, inelastic, or unit elasticity? choose your answer...

Find E (p) for the price demand equation and interpret the results. x = f(p) = 1200(50p) where p-$28 E(28)= type your answer... (round to 2 decimal places) Does this indicate that the price is elastic, inelastic, or unit elasticity? choose your answer...

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Question

choose your answer options are unit elasticity, inelastic, and elastic

Find E (p) for the price demand equation and interpret the results.
x = f (p)
=
1200(50 - p) where p=$28
E(28)= type your answer...
(round to 2 decimal places) Does this indicate that the price is elastic, inelastic, or unit elasticity? choose your answer...

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* Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates In the table given below, experimentally obtained velocity (dependent variable) vs time (independent variable) data is provided. Please answer the following questions using the data. Time (t) Velocity (v) 0.0 1 0.8 1.4 3 2.1 4 2.6 3.3 7 3.9 9. 4.9 10 6.0 12 8.6 14 14.4 a) What is the total displacement between t = 0- 14 seconds. Please note that displacement is obtained via X = [V dt. Please use a combination of numerical integration methods and prefer to use as many as high accuracy methods as possible. b) Please calculate the acceleration at t = 2 seconds using the most accurate method dv possible. Please note that acceleration is obtained via a = dt c) Please calculate the acceleration at t = 14 seconds using the most accurate method av possible. Please note that acceleration is obtained via a = dt
TABLE BELOW SHOWS THE REGRESSION ESTIMATION RESULT FOR THE PRICE AND DEMAND VARIABLES INCLUDED IN THE PREVIOUS QUESTION. PLEASE ESTIMATE THE DEMAND OF THE PRODUCT WHEN THE PRICE IS 15. PLEASE EXPLAIN YOUR PEASON) Intersection (c) Price A32.13 OC685 0.451.5 Coefficients Standard t Stat Error 2,142429 14,04948 0,000781 0,206155 -7,5186 0,004876 30,1 -1,55 P-Value
8. The 2008 Olympics were full of controversy about new swimsuits possible providing unfair advantages to swimmers, leading to new international rules. A study tested whether wearing wetsuits influences swimming velocity. The data are shown below are maximum velocities achieved for swimmers in 1500 m swims (meters per second). Swimmer 1 2 3 4 5 6 7 8 9 10 11 12 S χ Wetsuit 1.57 1.47 1.42 1.35 1.22 1.75 1.64 1.57 1.56 No wetsuit 1.49 1.37 1.35 1.27 1.12 1.64 1.59 1.52 1.50 Difference 0.08 0.10 0.07 0.08 0.10 0.11 0.05 0.05 0.06 1.53 1.49 1.45 1.44 0.08 0.05 0.10 0.078 0.022 1.51 1.41 1.429 0.141 1.507 0.136 Test using a significance level of 0.05 whether the mean maximum velocity is higher when wearing a wetsuit than without a wetsuit. You may assume that all conditions are satisfied.
I need help with this please, thanks.
Find the maximum of x in the bottom quartile. (Round your answer to four decimal places.) X ~ N(4, 7)