The weekly demand and supply functions for Super Titan tires are given by p=4.7x² +3.5x + 68.8 (Demand Function) p=5.4x² +3.5x+24 (Supply Function) respectively, where p is measured in dollars and x is measured in units of a hundred. Find the equilibrium quanti and price. (Hint: Enter your answer in this format: Equilibrium Quantity, Equilibrium Price

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A: The answer is in step 2.

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A: Step 1: Step 2: Step 3: Step 4:

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A: We have given that Mean(µ) = 72.6Standard deviations (σ) = 4.78X ~ N (µ, σ )= N(72.6, 4.78)

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A: Step 1: Step 2: Step 3: Step 4:

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