Mathematics, 21.02.2022 02:20 briyuna15
A company estimates that the weekly sales q of its product is related to the product's price p by the function q=126504√p9 where p is in dollars. Currently, each unit of the product is selling for $5. a. Determine the point elasticity of demand of this product (Do not round ε, answer exactly.).
Answers: 1
Mathematics, 21.06.2019 17:10
The number of chocolate chips in an 18-ounce bag of chocolate chip cookies is approximately normally distributed with a mean of 1252 chips and standard deviation 129 chips. (a) what is the probability that a randomly selected bag contains between 1100 and 1500 chocolate chips, inclusive? (b) what is the probability that a randomly selected bag contains fewer than 1125 chocolate chips? (c) what proportion of bags contains more than 1225 chocolate chips? (d) what is the percentile rank of a bag that contains 1425 chocolate chips?
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