EBK USING & UNDERSTANDING MATHEMATICS
EBK USING & UNDERSTANDING MATHEMATICS
7th Edition
ISBN: 8220106844434
Author: Briggs
Publisher: PEARSON
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Chapter 5.B, Problem 15E

Should You Believe This Study? Based solely on the information given, do you have reason to question the results ol the following hypothetical studies? Explain your reasoning.

l5. Researchers design live survey questions to determine whether Norwegian citizens are happier than American citizens.

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A cable television company estimates that with x thousand subscribers, its monthly revenue and cost (in thousands of dollars) are given by the following equations. R(x) = 45x - 0.24x2    C(x) = 257 + 13x
Compare the interest earned from #1 (where simple interest was used) to #5 (where compound interest was used). The principal, annual interest rate, and time were all the same; the only difference was that for #5, interest was compounded quarterly. Does the difference in interest earned make sense? Select one of the following statements.   a. No, because more money should have been earned through simple interest than compound interest.  b. Yes, because more money was earned through simple interest. For simple interest you earn interest on interest, not just on the amount of principal. c. No, because more money was earned through simple interest. For simple interest you earn interest on interest, not just on the amount of principal. d. Yes, because more money was earned when compounded quarterly. For compound interest you earn interest on interest, not just on the amount of principal.
Reduce the matrix to reduced row-echelon form. [3 2 -2-191 A = 3 -2 0 5 + 2 1 -2 -14 17 1 0 0 3 0 1 0 0 0 4
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