This is a question from a review packet that was handed out in means of helping us prepare for our first unit exam that is coming up. Please help! Find the equilibrium point for a product D (x) = 44 - 3x and S (x) = 15+ 5x. Round only finalanswers to 2 decimal places.The equilibrium point (xe, Pe) is33.12

To find the equilibrium point where the demand D(x) equals the supply S(x) , we are given: Demand…

Answered: Find the equilibrium point for a…

Find the equilibrium point for a product D (x) = 44 - 3x and S (x) = 15+ 5x. Round only final answers to 2 decimal places. The equilibrium point (xe, Pe) is 33.12

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...

See similar textbooks

Similar questions

The blue catfish (Ictalurus Furcatus) is the largest species of North American catfish. The current world record stands at 143 pounds, which was caught in the John H. Kerr Reservoir (Bugg's Island Lake) located in Virginia. According to American Expedition, the average weight of a blue catfish is between 20 to 40 pounds. Given that the largest blue catfish ever caught was at the John H. Kerr Reservoir, you believe that the mean weight of the fish in this reservoir is greater than 40 pounds. Use the data below, which represents the summary statistics for 42 blue catfish caught at this reservoir, and a 0.05 significance level to test the claim that the mean weight of the fish in the John H. Kerr Reservoir is greater than 40 pounds. n=42; ¯x=40.63 pounds; s=3.49 pounds a) Identify the null and alternative hypotheses?H0: H1: c) Identify the appropriate significance level.d) Calculate your test statistic. Write the result below, and be sure to round your final answer to two…
The scores of a test for an engineering class of 30 students are shown here. (Due to the nature of this problem, do not use rounded intermediate values in your calculations-including answers submitted in WebAssign.) Scores: 81, 54, 55, 56, 96, 86, 98, 61, 90, 52, 92, 76, 66, 84, 79, 70, 71, 88, 62, 74, 53, 65, 55, 78, 79, 58, 60, 72, 51,80 (a) Determine the frequency (f), midpoint (x), and xf for each range and fill in the table below. (First, organize the scores into the following ranges: 50-59, 60-69, 70-79, 80-89, and 90-99.) (b) Using the following equation, determine the mean value (x) and fill in the table below. Σ(XA) n X = (c) Calculate (x − x) for each range and fill in the table below. (d) Calculate (x - x)²f for each range and fill in the table below. Range Frequency f Midpoint x 50-59 60-69 70-79 80-89 90-99 S = Enter a number. S = (e) Using the following equation, compute the standard deviation of the class scores. Σ(x-x) ²f n - 1 Σ(x-x) ²4 n - 1 = xf 29 X X - X (x - x)²f
Several years ago, the Arcadia school system was criticized because the average Arcadia High School graduate could read at only the ninth-grade level. After this report was made, a special reading program was established to upgrade skills. The AHS principal wants to know if the reading program worked. If it has, he will request that an accreditation team visit the school. If the program has not improved the reading level to at least 10.0 (sophomore level), the administrator would like to avoid the embarrassment of a poor review. To determine the average reading level of the senior class, we select ten seniors at random. We assume that reading scores are normally distributed. The reading scores for the ten seniors are shown in Table 1. Table 1: Reading Scores for Sample High School Seniors Student Reading Score 1 13.4 2 12.1 3 11.4 4 10.6 5 10.3 6 10.2 7 9.8 8 9.7 9 9.4 10 8.6 Calculate the sample mean…
The blue catfish (Ictalurus Furcatus) is the largest species of North American catfish. The current world record stands at 143 pounds, which was caught in the John H. Kerr Reservoir (Bugg's Island Lake) located in Virginia. According to American Expedition, the average weight of a blue catfish is between 20 to 40 pounds. Given that the largest blue catfish ever caught was at the John H. Kerr Reservoir, you believe that the mean weight of the fish in this reservoir is greater than 40 pounds. Use the data below, which represents the summary statistics for 50 blue catfish caught at this reservoir, and a 0.05 significance level to test the claim that the mean weight of the fish in the John H. Kerr Reservoir is greater than 40 pounds. n=50 ; ¯x=40.49 pounds; s=3.49 pounds a) Identify the null and alternative hypotheses? H0: H1: b) What type of hypothesis test should you conduct (left-, right-, or two-tailed)? left-tailed right-tailed two-tailed c) Identify the appropriate significance…
Please answer all of the question in the pictures, Please. THank you.
The blue catfish (Ictalurus Furcatus) is the largest species of North American catfish. The current world record stands at 143 pounds, which was caught in the John H. Kerr Reservoir (Bugg's Island Lake) located in Virginia. According to American Expedition, the average weight of a blue catfish is between 20 to 40 pounds. Given that the largest blue catfish ever caught was at the John H. Kerr Reservoir, you believe that the mean weight of the fish in this reservoir is greater than 40 pounds. Use the data below, which represents the summary statistics for 48 blue catfish caught at this reservoir, and a 0.05 significance level to test the claim that the mean weight of the fish in the John H. Kerr Reservoir is greater than 40 pounds.
Please help needed on this asap. Thanks so much! It has been observed that some persons who suffer colitis, again suffer colitis within one year of the first episode. This is due, in part, to damage from the first episode. The performance of a new drug designed to prevent a second episode is to be tested for its effectiveness in preventing a second episode. In order to do this two groups of people suffering a first episode are selected. There are 170 people in the first group and this group will be administered the new drug. There are 132 people in the second group and this group wil be administered a placebo. After one year, 14% of the first group has a second episode and 18% of the second group has a second episode. What is a 90% confidence interval for the difference in true proportion of the two groups.