Consider the following data concerning the demand (y) and price (x) of a consumer product the least squares line is found to be y= 306,619-27.71.x

A) Interpret b1
B) find a point prediction of the demand corresponding to be price 2.10
C) Find %95 confidence interval for b1 and interpret it

Consider The Following Data Concerning The Demand (y) And Price (x) Of A Consumer Product The Least Squares

Answers

Answer 1

The value of B1 shows a fall in demand as price rises by a unit. The point prediction is given as y = 306,560.8

How to solve the question using the intercept

The regression equation shows that y= 306,619-27.71.x

b1 = -27.71

The interpretation for b1 is that if the price of this good is increased by 1, then the demand for the good would fall by about 27.71.

The point prediction for demand

The regression line equation is given as

y= 306,619-27.71.x

when x which is price is = 2.10

Then the value of y would be:

y = 306,619 - 27.71*2.10

y = 306,560.8

c. a 95% C1 for B1 is given as:

1.96 * 27.71.

= 54.31

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Related Questions

Drag the tiles to the correct boxes to complete the pairs. Match each function to its domain and range.f(x)=5x-3

Answers

f(x) is a linear function, so both the domain and the range are the set of real numbers.

How much would it cost to buy a piece of candy for 50 cents plus tax

Answers

Answer:

it depends on which state your in or in your even in the us usually it is either 6% or 4% some times more or less % so im going to do both

50*0.06=53

50*0.04=52

Hope This Helps!!!

need help i don't know what im doing?​

Answers

Answer:

X=5

Step-by-step explanation:

f(1)= -1^2+4(1)+12=15

f(2)= -2^2+4(2)+12=16

f(3)= -3^2+4(3)+12=15

f(4)= -4^2+4(4)+12=12

f(5)= -5^2+4(5)+12=7

g(1)=1+2=3

g(2)=2+2=4

g(3)=3+2=5

g(4)=4+2=6

g(5)=5+2=7

so g(5)=f(5)= X=5

Answer:

Step-by-step explanation:

You're suppose to plug in the values 1, 2, 3, 4, 5, and 6 into f(x) and g(x) to find where they're equal to find the solution to f(x) = g(x) (when the column values are equal).

So for example

f(1) = -(1)^2 + 4(1) + 12

f(1) = -1 + 4 + 12

f(1) = 15

g(1) = 1 + 2

g(1) = 3

put these two values in the table for f(1) and g(1)

f(2) = -(2)^2 + 4(2) + 12

f(2) = -4 + 8 + 12

f(2) = 16

g(2) = 2 + 2

g(2) = 4

f(3) = -(3)^2 + 4(3) + 12

f(3) = -9 + 12 + 12

f(3) = 15

g(3) = 3 + 2

g(3) = 5

f(4) = -(4)^2 + 4(4) + 12

f(4) = -16 + 16 + 12

f(4) = 12

g(4) = 4 + 2

g(4) = 6

f(5) = -(5)^2 + 4(5) + 12

f(5) = -25 + 20 + 12

f(5) = 7

g(5) = 5 + 2

g(5) = 7

f(5) = g(5) so the solution is when x=5

f(6) = -(6)^2 + 4(6) + 12

f(6) = -36 + 24 + 12

f(6) = 0

g(6) = 6 + 2

g(6) = 8

What is the answer to this question?
Y=x^2-1 with the input as 5

Answers

We can see that, when the input is 5, the output is 24.

How to evaluate an equation?

Here we have the equation:

[tex]y = x^2 - 1[/tex]

Where y is the output and x is the input.

We want to evaluate it with the input as 5, so we need to replace the variable x by the number 5, we will get:

[tex]y = 5^2 - 1 = 24[/tex]

Then we can see that, when the input is 5, the output is 24.

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A line passes through (-9,-6) and has an undefined slope. Write an equation of the line satisfying the given conditions.
A. x= -9
B. y= -9
C. y= -6
D. x= -6

Answers

The equation of the line is x = -9 , Option  is the correct answer

What is the equation of a line ?

The equation of a line is given by y = mx+c

where m is the slope and c is the intercept

It is given that

A line passes through (-9,-6) and has an undefined slope.

undefined slope means it is a vertical line at -9

Therefore the equation of the line is x = -9 , Option  is the correct answer

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The perimeter of a​ standard-sized rectangular rug is 24 ft. The length is 2ft longer than the width. Find the dimensions.

Answers

The length and width of the rectangle are equal to: 7 ft and 5 ft, respectively

Quadrilaterals

There are different types of quadrilaterals, for example, square, rectangle, rhombus, trapezoid, and parallelogram.  Each type is defined accordingly to its length of sides and angles. For example, in a rectangle,  the opposite sides are equal and parallel and their interior angles are equal to 90°.

The perimeter of a geometric figure is the sum of its sides. Thus, for a rectangle, the perimeter is 2L+2W.

For this question, the length is 2ft longer than the width - L=2+W. Thus,

24=2*(2+W)+2W

24=4+2W+2W

24-4=4W

20=4W

W=5 ft

If W=5, L will be 2+5=7 ft.

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An electrical resistor is rated at 4500 ohms ± 3%. Express this tolerance in ohms and state the
actual range of resistance.

Answers

Answer:

Range =  4365-4635

Step-by-step explanation:

4500 * 3/100 = 135

4500 + 135  = 4635

4500 - 135  = 4365

Range =  4365-4635

The actual range of resistance is from 4365 ohms to 4635 ohms.

How to determine the tolerance in ohms and state the actual range of resistance.

To express the tolerance in ohms, we need to calculate 3% of the rated resistance, which is 4500 ohms.

Tolerance in ohms = 3% of 4500 ohms

Tolerance in ohms = 0.03 * 4500

Tolerance in ohms = 135 ohms

The actual range of resistance can be found by adding and subtracting the tolerance from the rated resistance:

Lower limit = Rated resistance - Tolerance

Lower limit = 4500 ohms - 135 ohms

Lower limit = 4365 ohms

Upper limit = Rated resistance + Tolerance

Upper limit = 4500 ohms + 135 ohms

Upper limit = 4635 ohms

So, the actual range of resistance is from 4365 ohms to 4635 ohms.

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A person draws a card from a hat. Each card is one color, with the following probabilities of being drawn: 1/25 for red, 1/20 for green, 1/15 for purple, and 1/10 for black. What is the probability of pulling a green or red card, written as a reduced fraction?

Answers

Probability helps us to know the chances of an event occurring. The probability of pulling a green or red card is 9 / 100.

What is Probability?

Probability helps us to know the chances of an event occurring.

P =  [tex]\dfrac{Desired \ outcomes}{Posiible \ outcomes}[/tex]

The probabilities of different color cards being pulled are 1/25 for red, 1/20 for green, 1/15 for purple, and 1/10 for black Therefore, the probability of pulling  a green or red card is,

Probability = 1/20 + 1/25

                 = (5 + 4) /100

                 = 9 / 100

Hence, the probability of pulling a green or red card is  9 / 100.

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Find the number of distinguishable ways the letters of the following word can be arranged. KNICKKNACK

Answers

The number of distinguishable ways the letters of the following word can be arranged 'KNICKKNACK' is 37800.

When the order of the arrangements counts, a permutation is a mathematical technique that establishes the total number of alternative arrangements in a collection. Choosing only a few items from a collection of options in a specific sequence is a common task in arithmetic problems.

The number of different permutations of n objects with m₁ repeated items, m₂ repeated items,...,mₙ repeated items can be computed as

m!/(m₁!)(m₂!)...(mₙ!)

Here, the letter 'KNICKKNACK' is a total of 10 letters with 4 K's, 2 N's, 1 I, 2 C's, and 1 A.

So, the number of possible arrangements is

(10!)/(4!*2!*1!*2!*1!) = (10*9*8*7*6*5*4!)/(4!*2*2) = 10*9*7*6*5*2 = 37800

Therefore the number of distinguishable ways the letters of the following word can be arranged 'KNICKKNACK' is 37800.

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Determine whether each set of data can be modeled by an exponential function. If so, find the exponential
function that fits the data.

Answers

It can be modeled by an exponential function, f(x) is divided by 3 each time x increases by 1.

This means that the base of the exponential function is 1/3, and since the value of f(x) when x=0 is 81, [tex]f(x)=81\left(\frac{1}{3} \right)^{x}[/tex]

On the average, five smokers pass acertain street corners every ten minutes, what is the probability that during a given 10 minutes the number of smokers passing will be A. 6 or fewer B. 7 or more C. Exactly 8​

Answers

Answer:

The answer will be A. 6 or fewer.

The probability that during a given 10 minutes the number of smokers passing will be 6 or fewer.

What is probability?

Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event. For an experiment having 'n' number of outcomes, the number of favorable outcomes can be denoted by x. The formula to calculate the probability of an event is as follows.

Probability(Event) = Favorable Outcomes/Total Outcomes = x/n

Example

Suppose we have to predict about the happening of rain or not. The answer to this question is either "Yes" or "No". There is a likelihood to rain or not rain. Here we can apply probability. Probability is used to predict the outcomes for the tossing of coins, rolling of dice, or drawing a card from a pack of playing cards.

Terminology of Probability Theory

The following terms in probability help in a better understanding of the concepts of probability.

Experiment: A trial or an operation conducted to produce an outcome is called an experiment.

Sample Space: All the possible outcomes of an experiment together constitute a sample space. For example, the sample space of tossing a coin is head and tail.

Favorable Outcome: An event that has produced the desired result or expected event is called a favorable outcome. For example, when we roll two dice, the possible/favorable outcomes of getting the sum of numbers on the two dice as 4 are (1,3), (2,2), and (3,1).

Trial: A trial denotes doing a random experiment.

Given:

There are 5 smokers who passes by in every 10 minutes.

So, the probability that during a given 10 minutes the number of smokers passing will be approx 5 or less.

i.e., 6 or fewer.

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If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in a certain city, where p(x)= 155-(x/10):
a. find an expression for the total revenue from the sale of x thousand candy bars.
b. find the value of x that leads to maximum revenue
c. find the maximum revenue

Answers

The expression for the total revenue from x thousand sales is 155,000x - 100x².

The value of x is 775 cents and the maximum revenue is $60,062,500.

What is the maximum revenue?

First, come up with an expression for total revenue from x thousand sales:

= (155  - x /10 ) × x × 1,000 units

= 155,000x - 100x²

The value of x would then be:

Derive the function from the total revenue function to give:

0 = 155,000 - 200x

x = 775 cents

The maximum revenue is therefore:

= 155,000(775) - 100(775)²

= $60,062,500

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Rewrite the expression as a fraction.

Answers

8/17 put the 8 over the 17 because it’s being divided by the number 17

I don't even know Brian tanks

express 2.603603603 . . . as a rational number

Answers

Answer:

[tex] \frac{289}{111} [/tex]

Step-by-step explanation:

[tex]2 + \frac{603}{1000 - 1} = 2 \frac{603}{999} = 2 \frac{67}{111} = \frac{289}{111} [/tex]

1
..S
4 in.
Find h.
10 in.
h = √[?] in.

Answers

Answer:

√96

Step-by-step explanation:

halve the diameter to set up the pythagorean theorem

2²+b²=10²

4+b²=100

-4 on each side

b²=96

square root each side

b=√96

it could the be further simplified to 4√6

Help please I need as quick as possible!

Answers

Answer: [tex]\sum^{24}_{n=1} (4n+5)[/tex]

Step-by-step explanation:

This is an arithmetic series with a common difference of 4, so we can immediately eliminate the two left-hand options.

To determine which of the two options on the right is correct, we can determine the first term of each sum expanded out.

For the top right, the first term is 4(0)+5=5, which does not match the first term of the given sequence.For the bottom right, the first term is 4(1)+5=9, which does match the first term of the given sequence.

Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $110,000 at 2.9% for 30 yrs. What is their monthly payment? Round the answer to the nearest cent.

Answers

The monthly payment for purchasing the home will be $457.85.

What is a monthly payment?

The term loan refers to a sort of credit vehicle in which a sum of money is lent to another party in exchange for the value or principal amount being repaid in the future.

Then the formula of monthly payment (MP) will be

[tex]\rm MP = P \times \dfrac{r(1+r)^n}{(1+r)^n - 1}\\[/tex]

In order to purchase a home, a family borrows $110,000 at 2.9% for 30 years.

We have

P = $110,000

r = 0.029 / 12 = 0.0024

n = 30 × 12 = 360

Then the monthly payment will be

[tex]\rm MP = 110,000\times \dfrac{0.0024(1+0.0024)^{360}}{(1+0.0024)^{360} - 1}\\\\[/tex]

On further solving, we have

MP = 110000 × 0.0024 × 1.723

MP = $ 457.85

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If x = 3, then 3x – 4 = 5. x = 3 law of detatchment

Answers

Answer:

3x-4=5

Step-by-step explanation:

it is correct

which has more KE ? a 2 g bee flying at 1 m/s OR a 1 g wasp flying at 2 m/s [tex] \\ [/tex] ty! ~​

Answers

Answer: Wasp has greater kinetic energy of 0.002 Joules

Given for bee:

mass: 2g = 2 × 10⁻³ kgvelocity: 1 m/s

Given for wasp:

mass: 1 g = 1 × 10⁻³ kgvelocity: 2 m/s

Formula:

Kinetic Energy (J) = ½ × mass (kg) × velocity² (m/s)

Kinetic energy of bee:

½ × 2 × 10⁻³ × 1² = 1 × 10⁻³ Joules ≈ 0.001 Joules

Kinetic energy of wasp:

½ × 1 × 10⁻³ × 2² = 2 × 10⁻³ Joules ≈ 0.002 Joules

From this, it is determined wasp has greater kinetic energy.

1

x

If
y
=
3
when
x
=
36
find,
y
when
x
=
9

Answers

Answer:

3y= 36×9x

3y=324x

y=324÷3

y=108 ans

Please answer all 3 questions I will give brainliest if I can if ur right!

Answers

Answer:

1. 30 ft

2. sqrt(2164) yd

3: 12 cm

Step-by-step explanation:

For all three questions I'll be using the Pythagorean Theorem which states that a^2 + b^2 = c^2 where c is the hypotenuse and a and b are the base and height

Question 1:

40^2 + d^2 = 50^2

1600 + d^2 = 2500

d^2 = 900

d = 30

Question 2:

42^2 + 20^2 = c^2

2,164 = c^2

c = sqrt(2164)

Question 3:

5^2 + a^2 = 13^2

25 + a^2 = 169

a^2 = 144

a = 12

A manpaid rs 510 as income tax when it was 5 paisa per rupee what was his income?

Answers

The income of the man in discuss as in the task content is; rs 10,200.

What is the income of the man?

Since, it follows that 100 paisas make one rupee. This insinuates that the income tax rate which corresponds to 5 paisa per rupee is; 5%.

Hence, the amount earned by the man in discuss can be evaluated as follows;

(5/100) × Income = 510

Hence, Income = 510/0.05 = rs 10,200.

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d) Suppose you pick one marble from the bag at random. Find the expected value of its number.

(c) Suppose you pick 9 marbles from the bag at random with replacement. Find the probability that you pick at least one purple marble.

Answers

C) The probability that you pick at least one purple marble is 98%.

Probability

The question is incomplete, since the number of marbles of each color in the bag is missing: 3 blue, 5 green, and 2 purple marbles.

Now, to answer the questions, the following calculations must be done:

C) 100 - (2/9x9) = X100 - 2 = X98 = X

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Answer:C) The probability that you pick at least one purple marble is 98%.

Step-by-step explanation:

1
Which equation is equivalent to 1/4 + x = -5/4? Select all that apply.

X= 6/4
X= -6/4
X=-1/4=-5/4
X=-3/2
X=-3/4

Answers

Answer:

1/4 + x = (-5)/4

x = -5/4 - 1/4

x = (-5)-1 /4

x = (-6)/4

Which expression is equivalent to...

Answers

Answer:

A is correct yes

Step-by-step explanation:

ndnanndnqnjed

Find the greatest number which divides 6168, 2447, and 3118 leaving the same remainder in each case.

Answers

Answer:

Greatest number which divides 6168 is 3084,the greatest number which divides 2447 is1223.5 , and the greatest number which divides 3118 is 1559.

Explain the steps you would take to find the quotient of

1
3
÷ 4
3

Answers

1/3 divided by 4/3

Or

13 divided by 43
Which is the question??

find the midpoint of each line segment

Answers

Answer:

([tex]\frac{7}{2}[/tex],[tex]\frac{1}{2}[/tex])

Step-by-step explanation:

For this you use the midpoint formula

[tex](\frac{x_{2} +x_{1} }{2} ,\frac{y_{2} +y_{1} }{2} )[/tex]

the points would be (2,1) and (5,2)

The midpoint would be ([tex]\frac{7}{2}[/tex],[tex]\frac{1}{2}[/tex])


What single transformation was applied to triangle A to get triangle B?

Choose 1 answer:
Translation
Rotation
Reflection
Dilation

Answers

The answer is Reflection

Find the sum of the first six terms in the sequence {1, 5, 9, 13, …}

Answers

Answer:

66

Step-by-step explanation:

The sequence you provided seems to be arithmetic as it increases as 4 each term. Assuming 1 is the first term the equation would be [tex]a_{n}=1 + 4(n-1)[/tex]. You could just take the first 6 terms and add them together since you already have 4 values calculated and you could calculate the other 2 by adding 4. This would give you

(1 + 5 + 9 + 13 + 17 + 21) = 66

But there's an easier way to do it. You could use the formula [tex]S_n = \frac{n(a_1 + a_n)}{2}[/tex]. You can calculate [tex]S_6[/tex] by plugging in those values. You would need to calculate [tex]a_6[/tex] before hand, but you can calculate that using the formula I defined above. Which in general is [tex]a_n = a_1 + d(n-1)[/tex] where d is like the slope, or how much it changes each term. So if you calculate [tex]a_6[/tex] you'll get [tex]1+4(6-1) = 1+4(5) = 21[/tex]. Now plug this into the series formula above and you get [tex]S_6 = \frac{6(1+21)}{2}=\frac{6(22)}{2}=\frac{132}{2}=66[/tex] which is exactly what you get if you add the first 6 terms as shown above when you do it manually.

[tex]\text{First let's find two more terms, because we have only six. We can do that by}\\\text{adding 4:: 13+4=17; 17+4=21}[/tex]

[tex]\rule{300}{1.7}[/tex]

[tex]\text{Now we just add the terms: 1+5+9+13+17+21}[/tex]

[tex]\rule{300}{1.7}\\\text{66}[/tex]

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