COLL.ALG.:GRAPHS+MODELS-MYLABMATH ACC
6th Edition
ISBN: 9780135962312
Author: BITTINGER
Publisher: PEARSON
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Chapter 8.3, Problem 68E
To determine
Find out the percentage of population that will buy the product as a result of the campaign.
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A forest consists of two types of trees; those that are 0-5 ft and those that are taller than 5 ft. Each year, 40% of all 0-5 ft trees die. 10% are sold for $20 each. 30% stay between 0-5 ft and 20% grow more than 5 ft. Each year 50% of all trees taller than 5 ft are sold for $50, 20% are sold for $30 and 30% remain in the forest.
A. What is the probability that a 0-5 ft tall tree will die before being sold and if a tree less than 5 ft is planted what is the expected revenue earned from that tree.
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A friend who lives in Los Angeles makes frequent consultingtrips to Washington, D.C.; 50% of the time shetravels on airline #1, 30% of the time on airline #2, and the remaining 20% of the time on airline #3. For airline#1, flights are late into D.C. 30% of the time and late intoL.A. 10% of the time. For airline #2, these percentagesare 25% and 20%, whereas for airline #3 the percentagesare 40% and 25%. If we learn that on a particular trip shearrived late at exactly one of the two destinations, whatare the posterior probabilities of having flown on airlines#1, #2, and #3? Assume that the chance of a late arrival inL.A. is unaffected by what happens on the flight to D.C.[Hint: From the tip of each first-generation branch on atree diagram, draw three second-generation brancheslabeled, respectively, 0 late, 1 late, and 2 late.]
Chapter 8 Solutions
COLL.ALG.:GRAPHS+MODELS-MYLABMATH ACC
Ch. 8.1 - In each of the following, the nth term of a...Ch. 8.1 - Prob. 2ECh. 8.1 - In each of the following, the nth term of a...Ch. 8.1 - Prob. 4ECh. 8.1 - Prob. 5ECh. 8.1 - Prob. 6ECh. 8.1 - In each of the following, the nth term of a...Ch. 8.1 - Prob. 8ECh. 8.1 - Prob. 9ECh. 8.1 - Prob. 10E
Ch. 8.1 - Prob. 11ECh. 8.1 - Prob. 12ECh. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Prob. 15ECh. 8.1 - Prob. 16ECh. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Prob. 19ECh. 8.1 - Prob. 20ECh. 8.1 - Prob. 23ECh. 8.1 - Prob. 24ECh. 8.1 - Prob. 25ECh. 8.1 - Prob. 26ECh. 8.1 - Prob. 27ECh. 8.1 - Prob. 28ECh. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.1 - Prob. 31ECh. 8.1 - Prob. 32ECh. 8.1 - Prob. 33ECh. 8.1 - Prob. 34ECh. 8.1 - Prob. 35ECh. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Prob. 38ECh. 8.1 - Prob. 39ECh. 8.1 - Prob. 40ECh. 8.1 - Prob. 41ECh. 8.1 - Prob. 42ECh. 8.1 - Prob. 43ECh. 8.1 - Prob. 44ECh. 8.1 - Prob. 45ECh. 8.1 - Prob. 46ECh. 8.1 - Prob. 47ECh. 8.1 - Prob. 48ECh. 8.1 - Prob. 49ECh. 8.1 - Prob. 50ECh. 8.1 - Prob. 51ECh. 8.1 - Prob. 52ECh. 8.1 - Prob. 53ECh. 8.1 - Prob. 54ECh. 8.1 - Write sigma notation. Answers may vary. 55. 5 + 10...Ch. 8.1 - Prob. 56ECh. 8.1 - Prob. 57ECh. 8.1 - Prob. 58ECh. 8.1 - Prob. 59ECh. 8.1 - Prob. 60ECh. 8.1 - Prob. 61ECh. 8.1 - Prob. 62ECh. 8.1 - Prob. 63ECh. 8.1 - Prob. 64ECh. 8.1 - Find the first 4 terms of the recursively defined...Ch. 8.1 - Prob. 66ECh. 8.1 - Prob. 67ECh. 8.1 - Prob. 68ECh. 8.1 - Find the first 4 terms of the recursively defined...Ch. 8.1 - Prob. 70ECh. 8.1 - Compound Interest. Suppose that 4000 is invested...Ch. 8.1 - Salvage Value. The value of a post-hole digger is...Ch. 8.1 - Prob. 73ECh. 8.1 - Bacteria Growth. Suppose that a single cell of...Ch. 8.1 - Fibonacci Sequence: Rabbit Population Growth. One...Ch. 8.1 - Solve. 78. 3x2y=3,2x+3y=11Ch. 8.1 - Harvesting Pumpkins. A total of 23,400 acres of...Ch. 8.1 - Find the center and the radius of the circle with...Ch. 8.1 - Prob. 81ECh. 8.1 - Prob. 82ECh. 8.1 - Prob. 83ECh. 8.1 - Prob. 84ECh. 8.1 - Prob. 85ECh. 8.1 - For each sequence, find a formula for Sn. 86....Ch. 8.2 - Find the first term and the common difference. 1....Ch. 8.2 - Prob. 2ECh. 8.2 - Prob. 3ECh. 8.2 - Prob. 4ECh. 8.2 - Prob. 5ECh. 8.2 - Prob. 6ECh. 8.2 - Prob. 7ECh. 8.2 - Prob. 8ECh. 8.2 - Find the 12th term of the arithmetic sequence 2,...Ch. 8.2 - Prob. 10ECh. 8.2 - Prob. 11ECh. 8.2 - Prob. 12ECh. 8.2 - Prob. 13ECh. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - Prob. 17ECh. 8.2 - Prob. 18ECh. 8.2 - Find a1 when d = 4 and a8 = 33.Ch. 8.2 - Prob. 20ECh. 8.2 - Prob. 21ECh. 8.2 - Prob. 22ECh. 8.2 - Prob. 23ECh. 8.2 - Prob. 24ECh. 8.2 - Find the sum of the first 20 terms of the series 5...Ch. 8.2 - Prob. 26ECh. 8.2 - Prob. 27ECh. 8.2 - Find the sum of the odd numbers 1 to 199,...Ch. 8.2 - Find the sum of the multiples of 7 from 7 to 98,...Ch. 8.2 - Prob. 30ECh. 8.2 - Prob. 31ECh. 8.2 - Prob. 32ECh. 8.2 - Prob. 33ECh. 8.2 - Prob. 34ECh. 8.2 - Prob. 35ECh. 8.2 - Prob. 36ECh. 8.2 - Prob. 37ECh. 8.2 - Prob. 38ECh. 8.2 - Prob. 39ECh. 8.2 - Prob. 40ECh. 8.2 - Prob. 41ECh. 8.2 - Prob. 42ECh. 8.2 - Prob. 43ECh. 8.2 - Prob. 44ECh. 8.2 - Prob. 45ECh. 8.2 - Prob. 46ECh. 8.2 - Prob. 47ECh. 8.2 - Prob. 48ECh. 8.2 - Prob. 49ECh. 8.2 - Prob. 50ECh. 8.2 - Prob. 51ECh. 8.2 - Prob. 52ECh. 8.2 - Prob. 53ECh. 8.2 - Prob. 54ECh. 8.2 - Prob. 55ECh. 8.2 - Prob. 56ECh. 8.2 - Prob. 57ECh. 8.3 - Find the common ratio. 1. 2, 4, 8, 16, .Ch. 8.3 - Prob. 2ECh. 8.3 - Prob. 3ECh. 8.3 - Prob. 4ECh. 8.3 - Prob. 5ECh. 8.3 - Prob. 6ECh. 8.3 - Prob. 7ECh. 8.3 - Prob. 8ECh. 8.3 - Prob. 9ECh. 8.3 - Prob. 10ECh. 8.3 - Prob. 11ECh. 8.3 - Prob. 12ECh. 8.3 - Prob. 13ECh. 8.3 - Prob. 14ECh. 8.3 - Prob. 15ECh. 8.3 - Prob. 16ECh. 8.3 - Prob. 17ECh. 8.3 - Prob. 18ECh. 8.3 - Prob. 19ECh. 8.3 - Prob. 20ECh. 8.3 - Prob. 21ECh. 8.3 - Prob. 22ECh. 8.3 - Prob. 23ECh. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - Prob. 28ECh. 8.3 - Prob. 29ECh. 8.3 - Prob. 30ECh. 8.3 - Prob. 31ECh. 8.3 - Prob. 32ECh. 8.3 - Prob. 33ECh. 8.3 - Prob. 34ECh. 8.3 - Prob. 35ECh. 8.3 - Prob. 36ECh. 8.3 - Prob. 37ECh. 8.3 - Prob. 38ECh. 8.3 - Prob. 39ECh. 8.3 - Prob. 40ECh. 8.3 - Prob. 41ECh. 8.3 - Prob. 42ECh. 8.3 - Prob. 43ECh. 8.3 - Prob. 44ECh. 8.3 - Prob. 45ECh. 8.3 - Prob. 46ECh. 8.3 - Prob. 47ECh. 8.3 - Prob. 48ECh. 8.3 - Prob. 49ECh. 8.3 - Prob. 50ECh. 8.3 - Prob. 51ECh. 8.3 - Prob. 52ECh. 8.3 - Prob. 53ECh. 8.3 - Prob. 54ECh. 8.3 - Prob. 55ECh. 8.3 - Prob. 56ECh. 8.3 - Prob. 57ECh. 8.3 - Prob. 58ECh. 8.3 - Prob. 59ECh. 8.3 - Prob. 60ECh. 8.3 - Prob. 61ECh. 8.3 - Prob. 62ECh. 8.3 - Prob. 63ECh. 8.3 - Prob. 64ECh. 8.3 - Prob. 65ECh. 8.3 - Prob. 66ECh. 8.3 - Prob. 67ECh. 8.3 - Prob. 68ECh. 8.3 - Prob. 69ECh. 8.3 - Prob. 70ECh. 8.3 - Prob. 71ECh. 8.3 - Solve. [5.5] 72. log2 x = 4Ch. 8.3 - Prob. 73ECh. 8.3 - Prob. 74ECh. 8.3 - Prob. 75ECh. 8.3 - Prob. 76ECh. 8.3 - Prob. 77ECh. 8.3 - Prob. 78ECh. 8.4 - Prob. 1ECh. 8.4 - Prob. 2ECh. 8.4 - Prob. 3ECh. 8.4 - Prob. 4ECh. 8.4 - Prob. 5ECh. 8.4 - Prob. 6ECh. 8.4 - Prob. 7ECh. 8.4 - Prob. 8ECh. 8.4 - Prob. 9ECh. 8.4 - Prob. 10ECh. 8.4 - Prob. 11ECh. 8.4 - Prob. 12ECh. 8.4 - Prob. 13ECh. 8.4 - Prob. 14ECh. 8.4 - Prob. 15ECh. 8.4 - Prob. 16ECh. 8.4 - Prob. 17ECh. 8.4 - Prob. 18ECh. 8.4 - Prob. 19ECh. 8.4 - Prob. 20ECh. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Prob. 23ECh. 8.4 - Prob. 24ECh. 8.4 - Prob. 25ECh. 8.4 - Prob. 26ECh. 8.4 - Use mathematical induction to prove each of the...Ch. 8.4 - Prob. 28ECh. 8.4 - Prob. 29ECh. 8.4 - Prob. 30ECh. 8.4 - Prob. 31ECh. 8.4 - Prob. 32ECh. 8.5 - Prob. 1ECh. 8.5 - Prob. 2ECh. 8.5 - Prob. 3ECh. 8.5 - Prob. 4ECh. 8.5 - Prob. 5ECh. 8.5 - Prob. 6ECh. 8.5 - Prob. 7ECh. 8.5 - Prob. 8ECh. 8.5 - Prob. 9ECh. 8.5 - Prob. 10ECh. 8.5 - Prob. 11ECh. 8.5 - Prob. 12ECh. 8.5 - Prob. 13ECh. 8.5 - Prob. 14ECh. 8.5 - Prob. 15ECh. 8.5 - Prob. 16ECh. 8.5 - Prob. 17ECh. 8.5 - Prob. 18ECh. 8.5 - Prob. 19ECh. 8.5 - Prob. 20ECh. 8.5 - Prob. 21ECh. 8.5 - Prob. 22ECh. 8.5 - Prob. 23ECh. 8.5 - Prob. 24ECh. 8.5 - Prob. 25ECh. 8.5 - Prob. 26ECh. 8.5 - Prob. 27ECh. 8.5 - Prob. 28ECh. 8.5 - Prob. 29ECh. 8.5 - Prob. 30ECh. 8.5 - Prob. 31ECh. 8.5 - Prob. 32ECh. 8.5 - Phone Numbers. How many 7-digit phone numbers can...Ch. 8.5 - In each of Exercises 2341, give your answer using...Ch. 8.5 - Prob. 35ECh. 8.5 - Prob. 36ECh. 8.5 - How many code symbols can be formed using 5 of the...Ch. 8.5 - Prob. 38ECh. 8.5 - Prob. 39ECh. 8.5 - Prob. 40ECh. 8.5 - Prob. 41ECh. 8.5 - Prob. 42ECh. 8.5 - Prob. 43ECh. 8.5 - Prob. 44ECh. 8.5 - Prob. 45ECh. 8.5 - Prob. 46ECh. 8.5 - Prob. 47ECh. 8.5 - Prob. 48ECh. 8.5 - Prob. 49ECh. 8.5 - Prob. 50ECh. 8.5 - Prob. 51ECh. 8.5 - Prob. 52ECh. 8.6 - Evaluate. 1. 13C2Ch. 8.6 - Prob. 2ECh. 8.6 - Prob. 3ECh. 8.6 - Prob. 4ECh. 8.6 - Prob. 5ECh. 8.6 - Prob. 6ECh. 8.6 - Prob. 7ECh. 8.6 - Evaluate. 8. 10P55!Ch. 8.6 - Prob. 9ECh. 8.6 - Prob. 10ECh. 8.6 - Prob. 11ECh. 8.6 - Prob. 12ECh. 8.6 - Prob. 13ECh. 8.6 - Prob. 14ECh. 8.6 - Prob. 15ECh. 8.6 - Prob. 16ECh. 8.6 - Prob. 17ECh. 8.6 - Prob. 18ECh. 8.6 - Prob. 19ECh. 8.6 - Prob. 20ECh. 8.6 - Prob. 21ECh. 8.6 - Prob. 22ECh. 8.6 - Prob. 23ECh. 8.6 - Prob. 24ECh. 8.6 - Prob. 25ECh. 8.6 - Prob. 26ECh. 8.6 - Prob. 27ECh. 8.6 - Prob. 28ECh. 8.6 - Prob. 29ECh. 8.6 - Prob. 30ECh. 8.6 - Prob. 31ECh. 8.6 - Prob. 32ECh. 8.6 - Prob. 33ECh. 8.6 - Prob. 34ECh. 8.6 - Prob. 35ECh. 8.6 - Prob. 36ECh. 8.6 - Flush. A flush in poker consists of a 5-card hand...Ch. 8.6 - Prob. 38ECh. 8.6 - Prob. 39ECh. 8.6 - Prob. 40ECh. 8.6 - Prob. 41ECh. 8.6 - Prob. 42ECh. 8.6 - Prob. 43ECh. 8.6 - Prob. 44ECh. 8.6 - Prob. 45ECh. 8.7 - Prob. 1ECh. 8.7 - Prob. 2ECh. 8.7 - Prob. 3ECh. 8.7 - Prob. 4ECh. 8.7 - Prob. 5ECh. 8.7 - Prob. 6ECh. 8.7 - Prob. 7ECh. 8.7 - Prob. 8ECh. 8.7 - Prob. 9ECh. 8.7 - Prob. 10ECh. 8.7 - Prob. 11ECh. 8.7 - Prob. 12ECh. 8.7 - Prob. 13ECh. 8.7 - Prob. 14ECh. 8.7 - Prob. 15ECh. 8.7 - Prob. 16ECh. 8.7 - Prob. 17ECh. 8.7 - Prob. 18ECh. 8.7 - Prob. 19ECh. 8.7 - Prob. 20ECh. 8.7 - Prob. 21ECh. 8.7 - Prob. 22ECh. 8.7 - Prob. 23ECh. 8.7 - Prob. 24ECh. 8.7 - Prob. 25ECh. 8.7 - Prob. 26ECh. 8.7 - Prob. 27ECh. 8.7 - Prob. 28ECh. 8.7 - Prob. 29ECh. 8.7 - Prob. 30ECh. 8.7 - Prob. 31ECh. 8.7 - Prob. 32ECh. 8.7 - Prob. 33ECh. 8.7 - Prob. 34ECh. 8.7 - Prob. 35ECh. 8.7 - Prob. 36ECh. 8.7 - Prob. 37ECh. 8.7 - Prob. 38ECh. 8.7 - Prob. 39ECh. 8.7 - Prob. 40ECh. 8.7 - Prob. 41ECh. 8.7 - Prob. 42ECh. 8.7 - Prob. 43ECh. 8.7 - Prob. 44ECh. 8.7 - Prob. 45ECh. 8.7 - Prob. 46ECh. 8.7 - Prob. 47ECh. 8.7 - Prob. 48ECh. 8.7 - Prob. 49ECh. 8.7 - Prob. 50ECh. 8.7 - Find the term of (x31x)7 containing 1/x1/6.Ch. 8.7 - Money Combinations. A money clip contains one each...Ch. 8.7 - Prob. 53ECh. 8.7 - Find the sum. 54. nC0+nC1++nCnCh. 8.7 - Prob. 55ECh. 8.7 - Prob. 56ECh. 8.7 - Use mathematical induction and the property...Ch. 8.8 - Prob. 1ECh. 8.8 - Prob. 2ECh. 8.8 - Prob. 3ECh. 8.8 - Prob. 4ECh. 8.8 - Prob. 5ECh. 8.8 - Prob. 6ECh. 8.8 - Prob. 7ECh. 8.8 - Prob. 8ECh. 8.8 - Drawing a card. Suppose that a card is drawn from...Ch. 8.8 - Prob. 10ECh. 8.8 - Prob. 11ECh. 8.8 - Prob. 12ECh. 8.8 - Prob. 13ECh. 8.8 - Prob. 14ECh. 8.8 - Prob. 15ECh. 8.8 - Prob. 16ECh. 8.8 - Prob. 17ECh. 8.8 - Prob. 18ECh. 8.8 - Tossing Three Coins. Three coins are flipped. An...Ch. 8.8 - Prob. 20ECh. 8.8 - Prob. 21ECh. 8.8 - Prob. 22ECh. 8.8 - Prob. 23ECh. 8.8 - Prob. 24ECh. 8.8 - Prob. 25ECh. 8.8 - Prob. 26ECh. 8.8 - Prob. 27ECh. 8.8 - Prob. 28ECh. 8.8 - Prob. 29ECh. 8.8 - Prob. 30ECh. 8.8 - Prob. 31ECh. 8.8 - Prob. 32ECh. 8.8 - Prob. 33ECh. 8.8 - Vocabulary Reinforcement In each of Exercises...Ch. 8.8 - Prob. 35ECh. 8.8 - Prob. 36ECh. 8.8 - Prob. 37ECh. 8.8 - Prob. 38ECh. 8.8 - Prob. 39ECh. 8.8 - Prob. 40ECh. 8 - Determine whether the statement is true or false....Ch. 8 - Prob. 2MCCh. 8 - Prob. 3MCCh. 8 - Prob. 4MCCh. 8 - Prob. 5MCCh. 8 - Prob. 6MCCh. 8 - Prob. 7MCCh. 8 - Prob. 8MCCh. 8 - Prob. 9MCCh. 8 - Prob. 10MCCh. 8 - Prob. 11MCCh. 8 - Prob. 12MCCh. 8 - Prob. 13MCCh. 8 - Prob. 14MCCh. 8 - Prob. 15MCCh. 8 - Prob. 16MCCh. 8 - Prob. 17MCCh. 8 - Prob. 18MCCh. 8 - Prob. 19MCCh. 8 - Prob. 20MCCh. 8 - Prob. 21MCCh. 8 - Prob. 22MCCh. 8 - Prob. 23MCCh. 8 - Prob. 1RECh. 8 - Prob. 2RECh. 8 - Prob. 3RECh. 8 - Prob. 4RECh. 8 - Prob. 5RECh. 8 - Prob. 6RECh. 8 - Prob. 7RECh. 8 - Prob. 9RECh. 8 - Prob. 10RECh. 8 - Prob. 11RECh. 8 - Prob. 12RECh. 8 - Prob. 13RECh. 8 - Prob. 14RECh. 8 - Prob. 15RECh. 8 - Prob. 16RECh. 8 - Prob. 17RECh. 8 - Prob. 18RECh. 8 - Prob. 19RECh. 8 - Prob. 20RECh. 8 - Prob. 21RECh. 8 - Prob. 22RECh. 8 - Prob. 23RECh. 8 - Prob. 24RECh. 8 - Prob. 25RECh. 8 - Prob. 26RECh. 8 - Prob. 27RECh. 8 - Prob. 28RECh. 8 - Prob. 29RECh. 8 - Prob. 30RECh. 8 - Prob. 31RECh. 8 - Prob. 32RECh. 8 - Prob. 33RECh. 8 - Prob. 34RECh. 8 - Prob. 35RECh. 8 - Prob. 36RECh. 8 - Prob. 37RECh. 8 - Prob. 38RECh. 8 - Prob. 39RECh. 8 - Prob. 40RECh. 8 - Prob. 41RECh. 8 - Prob. 42RECh. 8 - Prob. 43RECh. 8 - Prob. 44RECh. 8 - Prob. 45RECh. 8 - Prob. 46RECh. 8 - Prob. 47RECh. 8 - Prob. 48RECh. 8 - Prob. 49RECh. 8 - Prob. 50RECh. 8 - Prob. 51RECh. 8 - Prob. 52RECh. 8 - Prob. 53RECh. 8 - Prob. 54RECh. 8 - Prob. 55RECh. 8 - Prob. 56RECh. 8 - Prob. 57RECh. 8 - Prob. 58RECh. 8 - Prob. 59RECh. 8 - Prob. 60RECh. 8 - Circular Arrangements. In how many ways can the...Ch. 8 - Prob. 62RECh. 8 - Prob. 64RECh. 8 - Prob. 1TCh. 8 - Prob. 2TCh. 8 - Prob. 3TCh. 8 - Prob. 4TCh. 8 - Prob. 5TCh. 8 - Prob. 6TCh. 8 - Prob. 7TCh. 8 - Prob. 8TCh. 8 - Prob. 9TCh. 8 - Prob. 10TCh. 8 - Prob. 11TCh. 8 - Prob. 12TCh. 8 - Prob. 13TCh. 8 - Prob. 14TCh. 8 - Prob. 15TCh. 8 - Prob. 16TCh. 8 - Prob. 17TCh. 8 - Prob. 18TCh. 8 - Prob. 19TCh. 8 - Prob. 20TCh. 8 - Prob. 21TCh. 8 - Prob. 22TCh. 8 - Prob. 23TCh. 8 - Prob. 24TCh. 8 - Prob. 25TCh. 8 - Prob. 26TCh. 8 - Prob. 27TCh. 8 - Prob. 28TCh. 8 - Prob. 29TCh. 8 - Prob. 30TCh. 8 - Prob. 31TCh. 8 - Prob. 32TCh. 8 - Prob. 33TCh. 8 - Prob. 34T
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- An electronics retailer offers an optional protection plan for a mobile phone it sells. Customers can choose to buy the protection plan for $100 and in case of an accident, the customer pays a $50 deductible and the retailer will cover the rest of the cost of that repair. The typical cost to the retailer is $200 per repair, and the plan covers a maximum of 3 repairs. Let X be the number of repairs a randomly chosen customer uses under the protection plan, and let F be the retailer's profit from one of these protection plans. Based on data from all of its customers, here are the probability distributions of X and F: Calculate the mean of X.arrow_forward. In 2010, of a total of 67,000 rooms on the Las Vegas Strip, Caesars Entertainment managed 22,880, while MGM Resorts managed over 12,000. However, owing to the Great Recession and new hotel openings, between 2008 and 2010, MGM's hotel occupancy decreased from 92% to 89%, while its average daily room rate fell from $148 to $108. Meanwhile, CityCenter, managed by MGM Resorts, and the Cosmopolitan opened with 4,000 and 3,000 rooms respectively, and the 1,720-room Sahara closed. (Sources: Caesars Entertainment Corp., Annual Report 2010; MGM Resorts, Annual Report 2010; "Sahara's closure on May 16 will mark `the end of an era'," Las Vegas Sun, March 11, 2011.) (a) Using a suitable figure, explain how the opening of CityCenter and the Cosmopolitan affects the residual demand for an existing hotel and how it should adjust prices. (b) If MGM Resorts had not reduced its room rates, what would have been the effect on occupancy? (c) Use the Cournot model to explain…arrow_forwardAsap. I will downvote if found it incorrect.arrow_forward
- Alphonse donates a fair amount of money to various charities each year. He wants to know that his money is actually going to do the charity work, though. Suppose that 90% of the charities that he donates to are probably reputable and 10% are probably not. Also, suppose that 80% of the money that goes to the real charities ends up actually being used for the charity work, while 20% goes to administrative costs. If he donates the same amount to each charity, then what percent probably goes to actual charity work? 72| % SUBMIT ANSWER O ASK FOR HELP TURN IT IN to search 344 111 80 Y U D H. Varrow_forward3. Juwan and his friend Jamie are watching their favorite tech penny stocks in the stock market. The initial value of Jamie's stock was $4.00, while Juwan's stock's initial value was $0.00. Because of some incredible turns in the market this morning, the stocks are now increasing in value. Every time Juwan's stock rises by $4.00, Jamie's stock increases by $3.00. If these stock gains remain constant throughout the day, perform the following: a. Convert this scenario into two linear equations; show both the standard form and the slope-intercept form for both equations. b. Explain how you decided to label the axes. c. What are the realistic bounds for the domain and range of today's stock gains? Explain your answer.arrow_forwardGroup problems: 1. Last year you bought a used car and the odometer read 62,502 miles. One vear later, vour odometer reads 70,110. Your sister bought a car at the same time, and her car was much newer. The odometer read 21,500 when she bought the car, and she claims that she drives about 10,000 miles per year. a Create a table to show your mileage and your sister's mileage as a function of time (vears since your purchase). What must you assume about your driving habits? メ 1. Years since you bought 0. 3. your car 4. Your car's mileage 62502 70,110 Your sister's car's 21500 mileage b. In 6 years, whose car will have the higher mileage? How do you know? 20529+×99Lと c. Write and solve a system of equations in order to determine when your sister's odometer will surpass yours and what the mileage on both cars will be. d. Graph the system using your technology. Find the intersection point and explain how this confirms your work in part c. 82arrow_forward
- The number of patrol officers needed on staff depends on the crime rate of the county, which is calculated based on the number of crimes per year. At a 3% crime rate, the county hires 200 officers per 10,000 people in the population. For every 0.1% increase in crime rate, an additional 5 officers are hired per 10,000 people in the population. For every 0.1% below 3% crime rate, 3 fewer officers are hired. • A3% sign-on bonus is offered for officers with no experience when there is a 5% to 10% shortage in the number of officers employed. • A 5% sign-on bonus is offered for officers with no experience when there is an 11% or higher shortage in the number of officers employed. • A 6% sign-on bonus is offered for officers with at least 3 years of experience when there is a 5% to 10% shortage in the number of officers employed. A 10% sign-on bonus is offered for officers with at least 3 years of experience when there is an 11% or higher shortage in the number of officers employed. County…arrow_forwardA company makes parts that cost $35.00 in material and labor. 92% of the parts are produced defect free and are sold for full price at $110 each. 2% of the parts made must be scrapped. Scrap parts are sold for $8.00 each. The remaining 6% of the parts made must be reworked at a cost of $12.00 each. After rework 1% still must be scrapped and the other 5% is sold at a discounted price of $90 each. a. Draw the tree diagram showing the quality cost situation. b. Determine the earnings per part. c. Determine the cost of poor quality (COPQ). d. Determine the earnings per part and COPQ if the rework operation was shut down and the parts that required reworking were just sold for scrap instead. Answers- B-70.22 c-4.78 d-66.84, 8.16arrow_forwardThe number of patrol officers needed on staff depends on the crime rate of the county, which is calculated based on the number of crimes per year. At a 3% crime rate, the county hires 200 officers per 10,000 people in the population. For every 0.1% increase in crime rate, an additional 5 officers are hired per 10,000 people in the population. For every 0.1% below 3% crime rate, 3 fewer officers are hired. • A 3% sign-on bonus is offered for officers with no experience when there is a 5% to 10% shortage in the number of officers employed. • A 5% sign-on bonus is offered for officers with no experience when there is an 11% or higher shortage in the number of officers employed. • A 6% sign-on bonus is offered for officers with at least 3 years of experience when there is a 5% to 10% shortage in the number of officers employed. • A 10% sign-on bonus is offered for officers with at least 3 years of experience when there is an 11% or higher shortage in the number of officers employed. County…arrow_forward
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