Survey of Mathematics with Applications, A, a la Carte edition plus NEW MyLab Math with Pearson eText (10th Edition)
10th Edition
ISBN: 9780134112237
Author: Allen R. Angel, Christine D. Abbott, Dennis Runde
Publisher: PEARSON
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Chapter 1.2, Problem 55E
To determine
To estimate: How fast one can walk 60 ft.
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To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3,700, and the average first-year commission for each new account opened is
$5,200. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that individual will open a new account.
(a) Determine the equation for computing Gustin's profit per seminar, given values of the relevant parameters.
Profit = (3,700 x 5,200) - New Accounts Opened
Profit = 5,200 - (New Accounts Opened x 3,700)
Profit = (New Accounts Opened x 3,700) - 5,200
Profit = New Accounts Opened - (5,200 × 3,700)
Profit = (New Accounts Opened x 5,200) - 3,700
(b) What type of random variable is the number of new accounts opened? Hint: Review Appendix 12.1 for descriptions of various types of probability distributions.
continuous
integer uniform
normal
discrete uniform…
Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president and owner of Strassel Investors, believes if he purchases and develops this property, it can then be sold for $158,000. The current property owner has asked for bids
and stated that the property will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids for the property. Strassel does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed
between $100,000 and $148,000.
(a) What is the estimate of the probability Strassel will be able to obtain the property using a bid of $128,000? (Use at least 5,000 trials. Round your answer three decimal places.)
(b) How much does Strassel need to bid to be assured of obtaining the property?
$128,000
$138,000
$148,000
(c) Use the simulation model to compute the profit for each trial of…
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 34,500 miles. Management also believes that the standard deviation is 4,500 miles and that tire mileage is normally distributed. To promote the new tire, Grear has offered to refund a portion of the purchase price
if the tire fails to reach 30,000 miles before the tire needs to be replaced. Specifically, for tires with a lifetime below 30,000 miles, Grear will refund a customer $1 per 100 miles short of 30,000. Construct a simulation model to answer the following questions. (Use at least 1,000 trials.)
(a) For each tire sold, what is the average cost of the promotion (in $)? (Round your answer to two decimal places.)
(b) What is the probability that Grear will refund more than $25 for a tire? (Round your answer to three decimal places.)
Chapter 1 Solutions
Survey of Mathematics with Applications, A, a la Carte edition plus NEW MyLab Math with Pearson eText (10th Edition)
Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 1-8, fill in the blank with an...Ch. 1.1 - In Exercises 9-12, use inductive reasoning to...Ch. 1.1 - In Exercises 9-12, use inductive reasoning to...
Ch. 1.1 - In Exercises 9-12, use inductive reasoning to...Ch. 1.1 - In Exercises 9-12, use inductive reasoning to...Ch. 1.1 - In Exercises 13-16, draw the next figure in the...Ch. 1.1 - In Exercises 13-16, draw the next figure in the...Ch. 1.1 - Prob. 15ECh. 1.1 - Prob. 16ECh. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - In Exercises 17-26, use inductive reasoning to...Ch. 1.1 - Find the letter that is the 118th entry in the...Ch. 1.1 - a. Select a variety of one- and two-digit numbers...Ch. 1.1 - A Square Pattern The ancient Greeks labeled...Ch. 1.1 - A Triangular Pattern The ancient Greeks labeled...Ch. 1.1 - Quilt Design The pattern shown is taken from a...Ch. 1.1 - Triangles in a Triangle Four rows of a triangular...Ch. 1.1 - Video Games The graph below shows the amount of...Ch. 1.1 - Broadway Tickets The graph below shows the average...Ch. 1.1 - In Exercises 35 and 36, draw the next diagram in...Ch. 1.1 - Prob. 36ECh. 1.1 - Pick any number, multiply the number by 3, add 6...Ch. 1.1 - Pick any number and multiply the number by 4. Add...Ch. 1.1 - Prob. 39ECh. 1.1 - Pick any number and add 10 to the number. Divide...Ch. 1.1 - In Exercises 41-46, find a counterexample to show...Ch. 1.1 - In Exercises 41-46, find a counterexample to show...Ch. 1.1 - In Exercises 41-46, find a counterexample to show...Ch. 1.1 - In Exercises 41-46, find a counterexample to show...Ch. 1.1 - In Exercises 41-46, find a counterexample to show...Ch. 1.1 - In Exercises 41-46, find a counterexample to show...Ch. 1.1 - Interior Angles of a Triangle a. Construct a...Ch. 1.1 - Interior Angles of a Quadrilateral a. Construct a...Ch. 1.1 - Prob. 49ECh. 1.1 - Prob. 50ECh. 1.1 - Complete the following square of numbers. Explain...Ch. 1.1 - Prob. 52ECh. 1.1 - Recreational Mathematics 53. is to as is toCh. 1.2 - In Exercises 1-2, fill in the blank with an...Ch. 1.2 - In Exercises 1-2, fill in the blank with an...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - In Exercises 3-57, your answers may vary from the...Ch. 1.2 - Monthly Expenses Lis total monthly expenses...Ch. 1.2 - Estimating Weights In a tug of war, the weight of...Ch. 1.2 - Picking Strawberries Chuck hires 11 people to pick...Ch. 1.2 - Estimating Time Donna is a long-distance runner...Ch. 1.2 - Currency Estimate the difference in the value of...Ch. 1.2 - The Cost of a Vacation The Kleins are planning a...Ch. 1.2 - The Pacific Coast Highway Below is a map of...Ch. 1.2 - The Olympic Peninsula Following is a map of the...Ch. 1.2 - Coffee Consumption The circle graph below shows...Ch. 1.2 - Exercising The circle graph below shows the...Ch. 1.2 - An Aging Population The bar graph below shows...Ch. 1.2 - Gaining Weight The graph below shows that as a...Ch. 1.2 - Land Ownership by the Federal Government The...Ch. 1.2 - Calories and Exercise The chart on page 17 shows...Ch. 1.2 - Prob. 37ECh. 1.2 - Prob. 38ECh. 1.2 - Prob. 39ECh. 1.2 - Prob. 40ECh. 1.2 - Prob. 41ECh. 1.2 - Prob. 42ECh. 1.2 - Prob. 43ECh. 1.2 - Prob. 44ECh. 1.2 - Prob. 45ECh. 1.2 - In Exercises 45 and 46, if each square represents...Ch. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Prob. 49ECh. 1.2 - Prob. 50ECh. 1.2 - Prob. 51ECh. 1.2 - Prob. 52ECh. 1.2 - Prob. 53ECh. 1.2 - Prob. 54ECh. 1.2 - Prob. 55ECh. 1.2 - Prob. 58ECh. 1.2 - A Million Dollars a. Estimate the time it would...Ch. 1.3 - Reading a Map The scale on a map is 1 inch = 12...Ch. 1.3 - Blueprints Tony, an architect, is designing a new...Ch. 1.3 - Height of a Tree At a given time of day, the ratio...Ch. 1.3 - Grass Seed A bag of Turf Builder Sun and Shade Mix...Ch. 1.3 - College Tuition According to the College Board,...Ch. 1.3 - Smartphone Price According to International Data...Ch. 1.3 - How Americans Spend Their Money The circle graph...Ch. 1.3 - Bachelors Degrees The circle graph below shows the...Ch. 1.3 - Housing Market The following table shows the five...Ch. 1.3 - Subway Cost Chandler buys a monthly MetroCard,...Ch. 1.3 - Home Theater System Jackson wants to purchase a...Ch. 1.3 - Checking Account The balance in Gabrielas checking...Ch. 1.3 - Buying a House The Browns want to purchase a house...Ch. 1.3 - Prob. 14ECh. 1.3 - Playing a Lottery In one state lottery game, you...Ch. 1.3 - Energy Value and Energy Consumption The table...Ch. 1.3 - Gas Mileage Wendy fills her gas tank completely...Ch. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.3 - Prob. 20ECh. 1.3 - Prob. 21ECh. 1.3 - Profit Margins The following chart shows retail...Ch. 1.3 - Prob. 23ECh. 1.3 - Leaking Faucet A faucet is leaking at a rate of...Ch. 1.3 - Wasted Water A faucet leaks 1 oz of water per...Ch. 1.3 - Airport Parking The chart below shows parking...Ch. 1.3 - Tire Pressure When a cars tire pressure is 30...Ch. 1.3 - Prob. 28ECh. 1.3 - Adjusting for Inflation Assume that the rate of...Ch. 1.3 - Prob. 30ECh. 1.3 - Prob. 31ECh. 1.3 - Prob. 32ECh. 1.3 - Prob. 33ECh. 1.3 - Prob. 34ECh. 1.3 - Prob. 35ECh. 1.3 - Who Will Win? Steve and Mark ran a 100-yard race....Ch. 1.3 - Prob. 37ECh. 1.3 - Prob. 38ECh. 1.3 - Prob. 39ECh. 1.3 - Prob. 40ECh. 1.3 - Cube If the length, width, and height of a cube...Ch. 1.3 - Pole in a Lake A pole is in the middle of a small...Ch. 1.3 - Prob. 43ECh. 1.3 - Prob. 44ECh. 1.3 - Prob. 45ECh. 1.3 - Palindromes A palindrome is a number (or word)...Ch. 1.3 - Below is a photo of the keyboard of a phone...Ch. 1.3 - Prob. 48ECh. 1.3 - Prob. 49ECh. 1.3 - Cuts in Cheese If you make the three complete cuts...Ch. 1.3 - Prob. 51ECh. 1.3 - Prob. 52ECh. 1.3 - In Exercises 53-55, use the three magic squares...Ch. 1.3 - In Exercises 53-55, use the three magic squares...Ch. 1.3 - In Exercises 53-55, use the three magic squares...Ch. 1.3 - Prob. 56ECh. 1.3 - Prob. 57ECh. 1.3 - Prob. 58ECh. 1.3 - Consecutive Digits Place the digits 1 through 8 in...Ch. 1.3 - A Digital Clock Digital clocks display numerals by...Ch. 1.3 - Prob. 61ECh. 1.3 - Prob. 62ECh. 1.3 - Prob. 63ECh. 1.3 - Prob. 64ECh. 1.3 - Finding the Area Rectangle ABCD is made up...Ch. 1.3 - Prob. 66ECh. 1.3 - Prob. 67ECh. 1 - In Exercises 1-8, use inductive reasoning to...Ch. 1 - In Exercises 1-8 use inductive reasoning to...Ch. 1 - In Exercises 1-8, use inductive reasoning to...Ch. 1 - In Exercises 1-8, use inductive reasoning to...Ch. 1 - Prob. 5RECh. 1 - Prob. 6RECh. 1 - In Exercises 1-8, use inductive reasoning to...Ch. 1 - Prob. 8RECh. 1 - Prob. 9RECh. 1 - Pick any number and multiply the number by 10. Add...Ch. 1 - Prob. 11RECh. 1 - Prob. 12RECh. 1 - In Exercises 13-25, estimate the answer. Your...Ch. 1 - In Exercises 13-25, estimate the answer. Your...Ch. 1 - Prob. 15RECh. 1 - Prob. 16RECh. 1 - Prob. 17RECh. 1 - Sales Tax Estimate the sales tax on a boat that...Ch. 1 - Prob. 19RECh. 1 - Prob. 20RECh. 1 - A Walking Path The scale of the map is 14in. = 0.1...Ch. 1 - Prob. 22RECh. 1 - Prob. 23RECh. 1 - Prob. 24RECh. 1 - Prob. 25RECh. 1 - Prob. 26RECh. 1 - Prob. 27RECh. 1 - Prob. 28RECh. 1 - Prob. 29RECh. 1 - Applying Fertilizer Ronaldo needs to apply...Ch. 1 - Prob. 31RECh. 1 - Prob. 32RECh. 1 - Prob. 33RECh. 1 - Prob. 34RECh. 1 - Crossing Time Zones The international date line is...Ch. 1 - Prob. 36RECh. 1 - Prob. 37RECh. 1 - Prob. 38RECh. 1 - Magic Square Create a magic square by using the...Ch. 1 - Prob. 40RECh. 1 - Brothers and Sisters Jim has four more brothers...Ch. 1 - Prob. 42RECh. 1 - Prob. 43RECh. 1 - Prob. 44RECh. 1 - Prob. 45RECh. 1 - Prob. 46RECh. 1 - The Sum of Numbers Find the sum of the first 500...Ch. 1 - Prob. 48RECh. 1 - Prob. 49RECh. 1 - Prob. 50RECh. 1 - Prob. 51RECh. 1 - Sum of Numbers Place the numbers 1 through 12 in...Ch. 1 - Prob. 53RECh. 1 - Prob. 1TCh. 1 - Prob. 2TCh. 1 - Prob. 3TCh. 1 - Prob. 4TCh. 1 - Prob. 5TCh. 1 - Estimating Area If each square represents one...Ch. 1 - Body Mass Index The federal government gives a...Ch. 1 - Prob. 8TCh. 1 - Prob. 9TCh. 1 - Prob. 10TCh. 1 - Prob. 11TCh. 1 - Prob. 12TCh. 1 - Prob. 13TCh. 1 - Prob. 14TCh. 1 - Prob. 15TCh. 1 - Prob. 16TCh. 1 - Prob. 17TCh. 1 - Prob. 18TCh. 1 - Prob. 19TCh. 1 - Prob. 20T
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