Question # 1. Customers who purchase a certain make of car can order an engine in any of three siz Of all cars sold, 45% have the smallest engine, 35% have the medium-size one, and 20 have the largest. Of cars with the smallest engine, 10% fail an emission test within t years of purchase, while 12% of those with the medium size and 15% of those with t largest engine fail. (a) What is the probability that a randomly chosen car will fail an emission te within two years? (b) If a randomly chosen car passed the emission test within two years, what the probability that this car has smaller engine? Question # 2. Suppose that at a particular air quality monitoring station, the monitoring devices syste installed in the station are established to measure the level of the air pollution. T cyctom will cianal if the lovalLof air noILion ovcoods the allowahlolovels and will n
Quadratic Equation
When it comes to the concept of polynomial equations, quadratic equations can be said to be a special case. What does solving a quadratic equation mean? We will understand the quadratics and their types once we are familiar with the polynomial equations and their types.
Demand and Supply Function
The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a given period of time. The analysis or evaluation of the demand side factors are important for the suppliers to understand the consumer behavior. The evaluation of supply side factors is important for the consumers in order to understand that what kind of combination of goods or what kind of goods and services he or she should consume in order to maximize his utility and minimize the cost. Therefore, in microeconomics both of these concepts are extremely important in order to have an idea that what exactly is going on in the economy.
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