Suppose the demand for oil is P=1390-0.20. There are two oil producers who form a cartel. Producing oil costs $9 per barrel. What is the profit of each cartel member?

Answers

Answer 1

The profit of each cartel member is $16592.84 and $21659.59 respectively.

What is it?

Where, P = Price per barrel

Q = Quantity of oil produced and,

Cost of producing one barrel of oil = $9.

The total cost of producing Q barrels of oil is TC = 9Q.

So, profit per barrel of oil = P - TC.

Substituting TC in terms of Q,

Profit per barrel of oil = P - 9Q.

Now, the cartel has two producers, so we can find the total quantity of oil produced, say Q_Total

Q_Total = Q_1 + Q_2.

We need to find profit per barrel for each of the producers.

So, let's say Producer 1 produces Q_1 barrels of oil.

Profit_1 = (P - 9Q_1) * Q_1

The second producer produces Q_2 barrels of oil,

so Profit_2 = (P - 9Q_2) * Q_2.

Now, we need to find values of Q_1 and Q_2 such that the total profit of the two producers is maximized.

Thus, Total Profit = Profit_1 + Profit_2

= (P - 9Q_1) * Q_1 + (P - 9Q_2) * Q_2

= (1390 - 0.20Q_1 - 9Q_1) * Q_1 + (1390 - 0.20Q_2 - 9Q_2) * Q_2

= (1390 - 9.2Q_1)Q_1 + (1390 - 9.2Q_2)Q_2.

So, we can find the values of Q_1 and Q_2 that maximize total profit by differentiating Total Profit w.r.t. Q_1 and Q_2 respectively.

We will differentiate Total Profit w.r.t. Q_1 first.

d(Total Profit)/dQ_1 = 1390 - 18.4Q_1 - 9.2Q_2

= 0=> Q_1 + 0.5Q_2

= 75.54

(i) Similarly, d(Total Profit)/dQ_2 = 1390 - 9.2Q_1 - 18.4Q_2

= 0=> 0.5Q_1 + Q_2

= 75.54

(ii)Solving the above two equations, we get,

Q_1 = 31.8468,

Q_2 = 43.6932.

Thus, total quantity of oil produced = Q_

Total = Q_1 + Q_2 = 75.54.

Profit_1 = (P - 9Q_1) * Q_1

= (1390 - 9(31.8468)) * 31.8468

= $16592.84

Profit_2 = (P - 9Q_2) * Q_2

= (1390 - 9(43.6932)) * 43.6932

= $21659.59

Hence, the profit of each cartel member is $16592.84 and $21659.59 respectively.

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Related Questions

The derivative of a function f is defined by f ′(x) = { 1 − 2 ln (2 − x 2 ) , −5 ≤ x ≤ 2 g(x), 2 < x ≤ 5 , where the graph of g is a line segment. The graph of the continuous function f ′ is shown in the figure above. Let f(3) = 4. a) Find the x-coordinate of each critical point of f and classify each as the location of a relative minimum, a relative maximum, or neither a minimum nor a maximum. Justify your answer. b) Determine the absolute maximum value of f on the closed interval –5 ≤ x ≤ 5. Justify your answer. c) Find the x-coordinates of all points of inflection of the graph of f. Justify your answer. d) Determine the average rate of change of f ′ over the interval –3 ≤ x ≤ 3. Does the mean value theorem guarantee a value of c for –3 < c < 3 such that f ′′ is equal to this average rate of change? Justify your answer.

Answers

All x in the domain of f', the mean value theorem guarantees a value of c for -3 < c < 3 such that f''(c) is equal to the average rate of change. Therefore, there exists c in (-3, 3) such that f''(c) = 0.8135.

Given that the derivative of a function f is defined by

[tex]f'(x)={1−2ln(2−x2), −5≤x≤2g(x),2 0[/tex],

for all x in the domain of f, the critical point at

x = -1.287 is the location of a relative minimum and the critical point at

x = 1.287 is the location of a relative maximum.

b) The absolute maximum value of f on the closed interval -5 ≤ x ≤ 5 is the maximum of the function f at its relative maximum, 3.946.

Therefore, the absolute maximum value of f on the closed interval -5 ≤ x ≤ 5 is 3.946.

c) To obtain the points of inflection of f, we need to find the values of x for which f''(x) = 0 or f''(x) is undefined.

[tex]f''(x) = 4(x/(2-x²))² + 2/(2-x²) = 0[/tex] givesx = 0

For the second derivative, [tex]f''(x) = 4(x/(2-x²))² + 2/(2-x²) > 0[/tex], for all x in the domain of f. Thus, there are no points of inflection.

d) The average rate of change of f' over the interval -3 ≤ x ≤ 3 is given by

[tex](f'(3) - f'(-3))/(3 - (-3)) = (0 - (-4.881)) / 6 = 0.8135Since f''(x) = 4(x/(2-x²))² + 2/(2-x²) > 0[/tex], for all x in the domain of f', the mean value theorem guarantees a value of c for -3 < c < 3 such that f''(c) is equal to the average rate of change.

Therefore, there exists c in (-3, 3) such that f''(c) = 0.8135.

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(1). 4(b + a) + (c + a) + c = 4(b + a) + (a +c) + c
= 4 (b+a) + a (c +c)
= (4b +4a) + a) + 2c
= 4b + (4a+a)+2c
= 4b+5a+2c
Name the property used in
a) associative property of addition
b) distributive property of addition
c) commutative property of addition
d) distributive property for scalars

Answers

The main answer to the given question is:

The property used in the expression is the associative property of addition.

The associative property of addition states that the grouping of numbers being added does not affect the sum. In other words, when adding multiple numbers, you can regroup them using parentheses and still obtain the same result.

In the given expression, we have (4(b + a) + (c + a) + c). By applying the associative property of addition, we can rearrange the terms within the parentheses. This allows us to group (b + a) together and (c + a) together.

So, we can rewrite the expression as 4(b + a) + (a + c) + c.

Next, we can further rearrange the terms by applying the associative property again. This time, we group (a + c) together.

Now the expression becomes 4(b + a) + a (c + c).

By simplifying, we get (4b + 4a) + a + 2c.

Further simplification leads us to 4b + (4a + a) + 2c.

Finally, we combine like terms to obtain the simplified form, which is 4b + 5a + 2c.

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Find the solution to the initial value problem. - 4x z''(x) + z(x)=94 **.z(0)=0, 2' (O) = 0 The solution is z(x) = o

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The given differential equation is - 4x z''(x) + z(x)=94.The initial conditions are given as:z(0)=0 and 2' (O) = 0Let us assume that the solution of the differential equation is given as:z(x) = xkwhere k is a constant to be determined.

Let us now substitute the assumed value of z(x) in the differential equation and find the value of k.-4x z''(x) + z(x)= 94Substituting z(x) = xk in the above equation, we get,-4x [k(k-1)]x^(k-2) + xk= 94-4k(k-1) x^k-2 + xk = 94On rearranging the above equation, we get,-4k(k-1) x^k-2 + xk = 94On comparing the coefficients of xk and xk-2, we get,-4k(k-1) = 0and 1 = 94Therefore, k = 0 and this is the only possible value of k.

Thus, we have z(x) = x^0 = 1 as the solution. However, this solution does not satisfy the given initial conditions z(0)=0 and 2' (O) = 0. Therefore, the given initial value problem has no solution. Thus, the solution is z(x) = o.

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Given, the initial value problem-[tex]4x z''(x) + z(x)=94, z(0)=0, 2'(0) = 0[/tex]

To solve this problem, we can assume the solution of the form

[tex]z(x) = x^kAlso, z'(x) = kx^(k-1) and z''(x) = k(k-1)x^(k-2)[/tex]

Substituting these values in the given differential equation

[tex]-4x z''(x) + z(x)=94-4xk(k-1)x^(k-2) + x^k = 94x^k - 4k(k-1)x^k-2 = 94[/tex]

Solving this we get,k = ±√(47/2)

The general solution of the differential equation will be -z(x) = Ax^k + Bx^(-k)

where A and B are constants. From the initial conditions,

z(0) = 0z'(0) = 0Therefore,

A = 0 and

B = 0.So, the solution is z(x) = 0

Hence, the solution to the given initial value problem is z(x) = 0 and is independent of x.

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find the following limits
3. limx→2 x²-3x+5/3x²+4x+1 ; 4. lim x→3 x²-2x-3/3x²-2x+1

Answers

This is an indeterminate form of ∞/∞, we can apply L'Hospital's rule. The solution to the following limits is given below:

3. limx→2 x²-3x+5/3x²+4x+1

4. lim x→3 (2x - 2)/(6x - 2)= 1/2.

We can apply L'Hospital's rule.

It states that if we have an indeterminater form of ∞/∞ or 0/0, then we can differentiate the numerator and denominator and keep doing it until we get a value for the limit.

Let's do it.

3. limx→2 x²-3x+5/3x²+4x+1=

limx→2 (2x - 3)/(6x + 4)= -1/2.

4. lim x→3 x²-2x-3/3x²-2x+1

This is also an indeterminate form of ∞/∞.

We can apply L'Hospital's rule here as well.

4. lim x→3 x²-2x-3/3x²-2x+1=

lim x→3 (2x - 2)/(6x - 2)= 1/2.

Limit of a function refers to the value that the function approaches as the input approaches a certain value.

One-sided limits are the values that the function approaches when x is approaching the value from one side.

When we write a limit as x approaches a, we mean that we are looking at the behavior of the function as x gets close to a.

There are several ways to evaluate limits, and one of the most common is to use L'Hospital's rule.

This rule states that if we have an indeterminate form of ∞/∞ or 0/0, then we can differentiate the numerator and denominator and keep doing it until we get a value for the limit.

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Players in sports are said to have "hot streaks" and "cold streaks." For example, a batter in baseball might be considered to be in a slump, or cold streak, if that player has made 10 outs in 10 consecutive at-bats. Suppose that a hitter successfully reaches base 29% of the time he comes to the plate. Complete parts (a) through (c) below. (a) Find the probability that the hitter makes 10 outs in 10 consecutive at-bats, assuming at-bats are independent events. Hint: The hitter makes an out 71% of the time.
(b) Are cold streaks unusual
(c) Interpret the probability from part (a)

Answers

(a) To find the probability that the hitter makes 10 outs in 10 consecutive at-bats, assuming at-bats are independent events, we can use the binomial probability formula.

The probability of making an out is 71% or 0.71, and the probability of a successful hit is 29% or 0.29. We want to calculate the probability of making 10 outs in 10 at-bats, so we use the formula:

[tex]\[ P(X = k) = \binom{n}{k} \cdot p^k \cdot (1-p)^{n-k} \][/tex]

where:

- [tex]\( n \)[/tex] is the number of trials (10 at-bats)

- [tex]\( k \)[/tex] is the number of successes (10 outs)

- [tex]\( p \)[/tex] is the probability of a success (0.71)

Plugging in the values into the formula, we have:

[tex]\[ P(X = 10) = \binom{10}{10} \cdot 0.71^{10} \cdot (1-0.71)^{10-10} \][/tex]

Simplifying the expression:

[tex]\[ P(X = 10) = 1 \cdot 0.71^{10} \cdot 0.29^{0} \] \\\\\ P(X = 10) = 0.71^{10} \cdot 1 \][/tex]

Calculating the result:

[tex]\[ P(X = 10) \approx 0.187 \][/tex]

Therefore, the probability that the hitter makes 10 outs in 10 consecutive at-bats is approximately 0.187.

(b) Cold streaks are considered unusual because the probability of making 10 outs in 10 consecutive at-bats is relatively low (0.187). It suggests that such a performance is rare and not expected to occur frequently.

(c) The probability from part (a) represents the likelihood of the hitter making 10 consecutive outs in 10 at-bats, assuming at-bats are independent events and the probability of making an out is 71%.

It provides insight into the probability of observing such a specific outcome in a sequence of at-bats and can be used to assess the occurrence of cold streaks in a player's performance.

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Let
A=⎡⎣⎢−80−34321807⎤⎦⎥.A=[−8418030−327].
If possible, find an invertible matrix PP so that A=PDP−1A=PDP−1
is a diagonal matrix. If it is not possible, enter the identity
matr

Answers

No, it is not possible to find an invertible matrix P such that A = PDP^(-1) is a diagonal matrix.

In order for A to be diagonalizable, it must have a complete set of linearly independent eigenvectors. However, we can see that the given matrix A does not have a full set of linearly independent eigenvectors.

To determine if a matrix is diagonalizable, we need to find the eigenvectors and eigenvalues of the matrix. The eigenvectors are the vectors that satisfy the equation Av = λv, where A is the matrix, v is the eigenvector, and λ is the corresponding eigenvalue. The eigenvalues are the scalars λ that satisfy the equation det(A - λI) = 0, where I is the identity matrix.

Calculating the eigenvalues and eigenvectors of matrix A, we find that the matrix A has only one eigenvalue, λ = -2, with a corresponding eigenvector v = [-1, 1]. Since A does not have a full set of linearly independent eigenvectors, it cannot be diagonalized.

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A building is constructed using bricks that can be modeled as right rectangular prisms with a dimension of 7 1/4 by 3,3 1/4 in. If the bricks weigh 0.08 ounces per cubic inch and cost $0.07 per ounce, find the cost of 250 bricks. Round your answer to the nearest cent.

Answers

It is 100829289 that was easy

Use 2place transformation technique to solve the initial value problem below.
y" - 4y = e³t
y(0)=0
y'(0) = 0

Answers

The initial value problem, y" - 4y = e³t, with initial conditions y(0) = 0 and y'(0) = 0, can be solved using the 2-place transformation technique.

To solve the given initial value problem using the 2-place transformation technique, we will transform the differential equation into an algebraic equation and then solve for the transformed variable.

Let's define the transformed variable z = s²Y, where Y is the solution to the initial value problem. Taking the first and second derivatives of z with respect to t, we get:

z' = 2sY' + s²Y"

z" = 2sY" + s²Y"'

Now, substituting these derivatives into the original differential equation, we have:

2sY' + s²Y" - 4(s²Y) = e³t

Simplifying further, we obtain:

s²Y" + 2sY' - 4Y = e³t/s²

Now, we can solve this algebraic equation for Y by substituting the initial conditions y(0) = 0 and y'(0) = 0. The resulting solution Y will give us the transformed variable. Finally, we can back-transform Y to find the solution y(t) to the initial value problem.

Applying the 2-place transformation technique provides a systematic approach to solve the given initial value problem by transforming it into an algebraic equation and solving for the transformed variable, which can then be back-transformed to obtain the solution to the original problem.

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Value for (ii): 11.65 ⠀ Part c) Which of the following inferences can be made when testing at the 5% significance level for the null hypothesis that the racial groups have the same mean test scores? OA. Since the observed F statistic is greater than the 95th percentile of the F2,74 distribution we do not reject the null hypothesis that the three racial groups have the same mean test score. OB. Since the observed F statistic is less than the 95th percentile of the F2,74 distribution we do not reject the null hypothesis that the three racial groups have the same mean test score. OC. Since the observed F statistic is greater than the 5th percentile of the F2,74 distribution we do not reject the null hypothesis that the three racial groups have the same mean test score. OD. Since the observed F statistic is less than the 95th percentile of the F2,74 distribution we can reject the null hypothesis that the three racial groups have the same mean test score. O E. Since the observed F statistic is less than the 5th percentile of the F2,74 distribution we do not reject the null hypothesis that the three racial groups have the same mean test score. OF. Since the observed F statistic is greater than the 95th percentile of the F2,74 distribution we can reject the null hypothesis that the three racial groups have the same mean test score

Answers

When testing at 5% significance level for null hypothesis the inference that can be made is that since observed F statistic is less than 95th percentile of the F2,74 distribution, we do not reject the null hypothesis.

In hypothesis testing, the F statistic is used to compare the variances between groups. In this case, we are testing whether the racial groups have the same mean test scores. The F statistic follows an F-distribution with degrees of freedom for the numerator (numerator df) equal to the number of groups minus one (k-1), and degrees of freedom for the denominator (denominator df) equal to the total number of observations minus the number of groups (N-k).

Given that the observed F statistic is less than the 95th percentile of the F2,74 distribution, it means that the obtained F value is not significant at the 5% level. Therefore, we do not have enough evidence to reject the null hypothesis, which states that the three racial groups have the same mean test score (Option OB).

The other options can be eliminated based on their contradicting statements. For example, Option OA states that we do not reject the null hypothesis even though the observed F statistic is greater than the 95th percentile, which goes against the usual practice in hypothesis testing. Similarly, Options OC, OD, OF, and OE make incorrect inferences based on the observed F statistic being greater or lesser than specific percentiles of the F2,74 distribution.

Hence, Option OB is the correct inference based on the given information.

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Use the four implication rules to create proof for the following argument.

1.(P ∨ Q) ∨ (R ∨ S)

2. ~S

3. ~S ⊃ ~ (P ∨ Q) /R ∨ S

Answers

Using the four implication rules,  S is true.∴ R ∨ S is true as the argument holds. Hence, we have proven R ∨ S.

We are to use the four implication rules to create proof for the given argument. We are to prove R ∨ S as it is the conclusion of the given argument. The four implication rules are:

Modus ponens (MP): p, p ⊃ q ⇒ q

Modus tollens (MT): ¬q, p ⊃ q ⇒ ¬p

Hypothetical syllogism (HS): p ⊃ q, q ⊃ r ⇒ p ⊃ r

Disjunctive syllogism (DS): p ∨ q, ¬p ⇒ q

The proof is as follows: Given, ~S ⊃ ~ (P ∨ Q) ~S / /Assume R ∨ S is false. ¬(R ∨ S) / / (1) and (2) MP~S ⊃ ~(P ∨ Q) ~S/ / (3) MP by (1)Therefore, ~(P ∨ Q) / / (4) MP by (2)Therefore, ~S and ~(P ∨ Q) / / (2), (4) HS~S/ / (2)MP ~(P ∨ Q)/ / (4)MP~P ∧ ~Q/ / (5)De Morgan's law(P ∨ Q) ∨ (R ∨ S) / / (1)DSR/ / (6)Assume S is true.(R ∨ S) / / (6)DS or HS~S/ / (2)MP

Therefore, S is true.∴ R ∨ S is true as the argument holds. Hence, we have proven R ∨ S by using the four implication rules.

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14 (3 points) Suppose T: R¹4 → R¹4 is a linear transformation and the rank of T is 10. (a) Determine whether T is injective. (b) Determine whether T is surjective. (c) Determine whether T is inver

Answers

(a)  Nullity(T) is -6.

(b)  The rank of T is 10

(c)   T is not injective

(a) To determine T is injective:

We know that a linear transformation is injective if and only if it has a trivial kernel.

Since T: R⁴ → R⁴,

The kernel of T is a subspace of R.

By the rank-nullity theorem,

We know that,

⇒ rank(T) + nullity(T) = dim(R) = 4

It is given that rank(T) = 10,

So nullity(T) = dim(ker(T))

                    = 4 - 10

                    = -6.

Since, nullity(T) is negative,

⇒ ker(T) is not trivial, and therefore T is not injective.

(b) We have to determine if T is surjective.

A linear transformation is surjective if and only if its range is equal to its codomain.

Since T: R⁴ → R⁴, the range of T is a subspace of R.

By the rank-nullity theorem,

We know that,

⇒  rank(T) + nullity(T) = dim(R) = 4.

It is given that,

⇒ rank(T) = 10,

So nullity(T) = dim(ker(T))

                   = 4 - 10

                   = -6.

Since, nullity(T) is negative,

⇒ ker(T) is not trivial.

Therefore, the range of T has dimension 4 - dim(ker(T))

= 4 - (-6)

= 10,

Which is the same as the rank of T.

Therefore, the range of T equals its codomain, and T is surjective.

(c) To determine if T is invertible,

⇒ linear transformation is invertible if and only if it is both injective and surjective.

Since T is not injective, it is not invertible.

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LM is the mid segment of trapezoid ABCD. AB=x+8, LM=4x+3, and DC=243. What is the value of x?

Answers

Answer:

Step-by-step explanation:

A company's dividend next year is expected to be $0.90.
Dividends are expected to grow indefinitely at 6%. Estimate the
company's share price given a discount rate of 8%. Select one:
a. $47.70 b. $45.00 c. $11.87 d. $11.19

Answers

Therefore, the present value of all future dividends is $47.70, and the correct option is a. $47.70.

We need to calculate the present value of all the future dividends, which is the main answer to this question. The formula for the present value of a growing perpetuity is: Present value of perpetuity = (D / r - g) Where, D = Dividend (per share) = $0.90r = Discount rate = 8% = 0.08g = Growth rate of dividend = 6% = 0.06

The current dividend is $0.90, and it's growing at 6% per year forever, so next year's dividend will be: D1 = D0 × (1 + g) = $0.90 × (1 + 0.06) = $0.954Then we need to find the present value of the perpetuity: P = D1 / (r - g) = $0.954 / (0.08 - 0.06) = $47.70The present value of all future dividends is $47.70. Therefore, the correct option is a. $47.70.

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4.3.7
Exercise 4.3.7. Find a 4 x 4 matrix that represents in homogeneous coor- dinates the rotation by an angle about the x = y = 1, z = 0 line of R³.

Answers

We have to find a 4 x 4 matrix that represents in homogeneous coordinates the rotation by an angle about the x = y = 1, z = 0 line of R³.

A 4 x 4 matrix is required to represent the rotation using homogeneous coordinates of dimension 4.

To obtain the required matrix, the following steps should be taken:

1. A homogeneous coordinate system is introduced.

A 4 × 1 column vector can be used to represent each point in this coordinate system.

This column vector is written [x, y, z, w]T,

where T stands for transpose.

2. The 4 × 4 matrix A can be used to represent the transformation from one homogeneous coordinate system to another.

To get the transformation, A is multiplied on the right by the homogeneous coordinate vector.

3. The 4 × 4 matrix that represents the required transformation in homogeneous co-ordinates can be found as follows:

To represent a rotation by an angle about the x = y = 1, z = 0 line of R³, we'll use the following steps:

i. Determine the vector that is parallel to the rotation axis and normalize it.

ii. We'll take a point on the rotation axis as the origin.

iii. The axis vector is perpendicular to the plane of rotation;

therefore, we'll find two vectors that lie in the plane and are perpendicular to the axis vector.

iv. We'll use the three vectors to construct a 3 × 3 rotation matrix R that rotates vectors about the axis of rotation.

v. This matrix R is then placed in a 4 × 4 homogeneous coordinate matrix A with the fourth row and column consisting of zeros except for the fourth element, which is 1.

A 4 x 4 matrix that represents in homogeneous coordinates the rotation by an angle about the x = y = 1, z = 0 line of R³ is given by the matrix shown below;!

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The marginal cost in dollars per square foot) of installing x square feet of kitchen countertop is given by C'(x) = x^3/4
a) Find the cost of installing 45 ft^2 of countertop
b) Find the cost of installing an extra 18 ft^2 of countertop after 45 ft? have already been installed.
a) Set up the integral for the cost of installing 45 ft? of countertop.
C(45) = ∫ ox

Answers

To find the cost of installing 45 ft² of countertop and the cost of installing an extra 18 ft² after 45 ft² have already been installed, we need to integrate the marginal cost function.

a) Cost of installing 45 ft² of countertop:

To find the cost of installing 45 ft² of countertop, we need to integrate the marginal cost function C'(x) = x^(3/4) from 0 to 45:

C(45) = ∫[0, 45] x^(3/4) dx

To integrate x^(3/4), we add 1 to the exponent and divide by the new exponent:

C(45) = [(4/7) * x^(7/4)] evaluated from 0 to 45

C(45) = (4/7) * (45^(7/4)) - (4/7) * (0^(7/4))

Since 0 raised to any positive power is 0, the second term becomes zero:

C(45) = (4/7) * (45^(7/4))

Now we can calculate the value:

C(45) ≈ 269.15 dollars

Therefore, the cost of installing 45 ft² of countertop is approximately $269.15.

b) Cost of installing an extra 18 ft² of countertop:

To find the cost of installing an extra 18 ft² of countertop after 45 ft² have already been installed, we need to integrate the marginal cost function C'(x) = x^(3/4) from 45 to 45 + 18:

C(45+18) = ∫[45, 63] x^(3/4) dx

To integrate x^(3/4), we add 1 to the exponent and divide by the new exponent:

C(45+18) = [(4/7) * x^(7/4)] evaluated from 45 to 63

C(45+18) = (4/7) * (63^(7/4)) - (4/7) * (45^(7/4))

Now we can calculate the value:

C(45+18) ≈ 157.24 dollars

Therefore, the cost of installing an extra 18 ft² of countertop after 45 ft² have already been installed is approximately $157.24.

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1.A bank has two tellers working on savings accounts. The first teller handles withdrawals only. The second teller handles deposits only. It has been found that the service time distributions for both deposits and withdrawals are exponential with mean service time of 4 minutes per customer. Depositors are found to arrive in a Poison fashion with mean arrival rate of 20 per hour. Withdrawers also arrive in a Poison fashion with mean arrival rate of 17 per hour. What would be the effect on the average waiting time for the customers, if each teller could handle both withdrawals and deposits? What would be the effect, if this could only be accomplished by increasing the service time to 5 minutes

Answers

A bank has two tellers working on savings accounts. In the current setup, with separate tellers for withdrawals and deposits, the average waiting time for customers can be calculated using queuing theory.

In the current system, with separate tellers for withdrawals and deposits, the waiting time for customers can be analyzed using queuing theory. Given the exponential service time distribution with a mean of 4 minutes per customer and Poisson arrival rates of 20 per hour for deposits and 17 per hour for withdrawals, queuing models such as M/M/1 or M/M/c can be used to estimate the average waiting time.

If the system is modified to allow each teller to handle both withdrawals and deposits, the waiting time for customers is likely to decrease. This is because the workload can be balanced more efficiently, and customers can be served by any available teller, reducing the overall waiting time.

However, if handling both types of transactions requires an increase in the service time, such as increasing it to 5 minutes, the waiting time may actually increase. This is because the increased service time per customer will offset the benefits gained from the improved workload balancing.

To accurately quantify the effect on the average waiting time, a detailed analysis using queuing models specific to the modified system would be required. Factors such as the number of tellers and the arrival and service distributions need to be considered to make a precise assessment of the impact on waiting time.

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Why is [3, ∞) the range of the function.

Answers

The interval [3, ∞) represents the range of the function as it is the interval containing the output values, which are the values of y on the graph of the function.

How to obtain the domain and range of a function?

The domain of a function is defined as the set containing all the values assumed by the independent variable x of the function, which are also all the input values assumed by the function.The range of a function is defined as the set containing all the values assumed by the dependent variable y of the function, which are also all the output values assumed by the function.

For this problem, we have that the values of y on the graph of the function are of 3 or higher, hence the interval representing the range is given as follows:

[3, ∞)

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I am confused with the resources that I see online. Is it okay
to use Mann Whitney Test if the sampling technique is convenience
sampling?

Answers

It is generally acceptable to use the Mann-Whitney U test (also known as the Wilcoxon rank-sum test ) even if the sampling technique is convenience sampling.

The Mann-Whitney U test, also known as the Wilcoxon rank-sum test, is a non-parametric test used to compare two independent groups. It is commonly used when the data do not meet the assumptions required for parametric tests, such as the t-test.

Convenience sampling is a non-probability sampling technique where individuals are selected based on their convenient availability. While convenience sampling may introduce bias and limit the generalizability of the results, it does not impact the appropriateness of using the Mann-Whitney U test.

The Mann-Whitney U test is robust to the sampling technique used, as it focuses on the ranks of the data rather than the specific values. It assesses whether there is a significant difference in the distribution of scores between the two groups, regardless of how the individuals were sampled.

However, it is important to note that convenience sampling may affect the external validity and generalizability of the study findings. Therefore, caution should be exercised in interpreting the results and making broader conclusions about the population.

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Suppose 32 pregnant women are sampled who smoke an average of 23 cigarettes per day with a standard deviation of 12.

a) What is the probability that the pregnant women will smoke an average of 23 cigarettes or more?
probability =

b) What is the probability that the pregnant women will smoke an average of 23 cigarettes or less?
probability =

c) What is the probability that the pregnant women will smoke an average of 19 to 24 cigarettes?
probability =

d) What is the probability that the pregnant women will smoke an average of 23 to 26 cigarettes?
probability =

Note: Do NOT input probability responses as percentages; e.g., do NOT input 0.9194 as 91.94.

Answers

a) To calculate the probability that the pregnant women will smoke an average of 23 cigarettes or more, we can use the standard normal distribution.

Using the standard normal distribution table or calculator, we find the probability that a z-score is greater than or equal to 0, which is 0.5.  Therefore, the probability that the pregnant women will smoke an average of 23 cigarettes or more is 0.5.

b) The probability that the pregnant women will smoke an average of 23 cigarettes or less is also 0.5, as it is the complement of the probability calculated in part a).

c) To find the probability that the pregnant women will smoke an average of 19 to 24 cigarettes, we calculate the z-scores for the lower and upper bounds. For the lower bound, z1 = (19 - 23) / 2.121 ≈ -1.886. For the upper bound, z2 = (24 - 23) / 2.121 ≈ 0.471.

d) Similarly, to find the probability that the pregnant women will smoke an average of 23 to 26 cigarettes, we calculate the z-scores for the lower and upper bounds. For the lower bound, z1 = (23 - 23) / 2.121 = 0. For the upper bound, z2 = (26 - 23) / 2.121 ≈ 1.414.

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A random sample of 900 Democrats included 783 that consider protecting the environment to be a top priority. A random sample of 700 Republicans included 322 that consider protecting the environment to be a top priority. Construct a 99% confidence interval estimate of the overall difference in the percentages of Democrats and Republicans that prioritize protecting the environment. (Give your answers as percentages, rounded to the nearest tenth of a percent.) Answers: The margin of erron is We are 99% confident that the difference between the percentage of Democrats and Republicans who prioritize protecting the environment lies between % and %

Answers

Answer: The 99% confidence interval estimate of the overall difference in the percentages of Democrats and Republicans that prioritize protecting the environment lies between 35.4% and 46.6%.

And the margin of error is 5.64%. We are 99% confident that the difference between the percentage of Democrats and Republicans who prioritize protecting the environment lies between 35.4% and 46.6%.

Step-by-step explanation:

In order to calculate the 99% confidence interval estimate of the overall difference in the percentages of Democrats and Republicans that prioritize protecting the environment, we'll need to follow the given steps below:

Step 1: Calculate the sample proportion for Democrats and Republicans respectively.

P₁ = (783/900) = 0.87 (rounded to two decimal places)

P₂ = (322/700) = 0.46 (rounded to two decimal places)

Step 2: Calculate the sample difference (p₁ - p₂) between two sample proportions.

p₁ - p₂ = 0.87 - 0.46

= 0.41 (rounded to two decimal places)

Step 3: Calculate the standard error (σd) for the difference between two sample proportions using the formula given below:

σd = sqrt{[p₁(1 - p₁) / n₁] + [p₂(1 - p₂) / n₂]}σd = sqrt{[(0.87)(0.13) / 900] + [(0.46)(0.54) / 700]}σd = sqrt{0.000151 + 0.000347}σd = sqrt(0.000498)σd = 0.022 (rounded to three decimal places)

Step 4: Calculate the margin of error (E) using the formula given below:

E = z* σdE = 2.58 x 0.022E = 0.0564 (rounded to four decimal places)

Step 5: Calculate the lower and upper bounds of the 99% confidence interval using the formulas given below:

Lower Bound: (p₁ - p₂) - E

Upper Bound: (p₁ - p₂) + E

Lower Bound: (0.87 - 0.46) - 0.0564

Upper Bound: (0.87 - 0.46) + 0.0564

Lower Bound: 0.41 - 0.0564

Upper Bound: 0.41 + 0.0564Lower Bound: 0.3536Upper Bound: 0.4664 (rounded to four decimal places)

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Two fair number cubes are rolled. State whether the following events are mutually exclusive.
9. The sum is odd. The sum is less than 5. ________
10. The difference is 1. The sum is even. ________
11. The sum is a multiple of _______

Answers

The answers regarding the mutual exclusivity of the events are as follows: Event 9 ("The sum is odd") and Event 10 ("The difference is 1") are not mutually exclusive, while Event 11 ("The sum is a multiple of x") depends on the specific value of x for its mutual exclusivity to be determined.

9. The events "The sum is odd" and "The sum is less than 5" are not mutually exclusive because there are values of the sum (e.g., 3) that satisfy both conditions simultaneously.

10. The events "The difference is 1" and "The sum is even" are mutually exclusive. The difference between two numbers can only be 1 if their sum is odd, and vice versa. Therefore, the events cannot occur simultaneously.

11. The event "The sum is a multiple of x" depends on the specific value of x. Without knowing the value of x, it cannot be determined whether it is mutually exclusive with other events. For example, if x is 2, then the event "The sum is a multiple of 2" would be mutually exclusive with "The sum is odd" but not with "The sum is less than 5."

In conclusion, event 9 is not mutually exclusive, event 10 is mutually exclusive, and the mutual exclusivity of event 11 depends on the specific value of x.

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(ii).If X₁ (t) = e¹tU₁₂,X₂(t) = e^t (U₂ + tU)... X₁ (t) = e¹t (U₁ + tU₁ k-1+...+u2tk-1/ (k-1)!)
Are solutions of X' = AX, then X1....Xk are linearly independent,i.e.
C₁X₂ + C₂X₂ + + CX = 0 for some arbitrary constants C, s. [4 marks]

Answers



X₁, X₂, ..., Xₖ are linearly independent solutions of the differential equation X' = AX.To show that X₁, X₂, ..., Xₖ are linearly independent, we need to prove that the only solution to the equation C₁X₁ + C₂X₂ + ⋯ + CₖXₖ = 0.

Let's assume that there exists a nontrivial solution to the equation. That is, there exist constants C₁, C₂, ..., Cₖ, not all zero, such that C₁X₁ + C₂X₂ + ⋯ + CₖXₖ = 0.

Taking the derivative of this equation, we have C₁X₁' + C₂X₂' + ⋯ + CₖXₖ' = 0.

Since X₁, X₂, ..., Xₖ are solutions to X' = AX, we can substitute the expressions for X₁', X₂', ..., Xₖ' using the given equations.

C₁(eᵗU₁₂)' + C₂(eᵗ(U₂ + tU))' + ⋯ + Cₖ(eᵗ(U₁ + tU₁k-1 + ... + u₂tk-1/(k-1))!) = 0.

Expanding and simplifying, we obtain C₁eᵗU₁₂ + C₂eᵗ(U₂ + tU) + ⋯ + Cₖeᵗ(U₁ + tU₁k-1 + ... + u₂tk-1/(k-1))! = 0.

Now, let's consider the value of this equation at t = 0. Plugging in t = 0, we have C₁U₁ + C₂U₂ + ⋯ + CₖUₖ = 0.

Since U₁, U₂, ..., Uₖ are linearly independent (given), the only solution to this equation is C₁ = C₂ = ⋯ = Cₖ = 0.

Therefore, X₁, X₂, ..., Xₖ are linearly independent solutions of the differential equation X' = AX.

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A salesman has to visit the cities A, B, C, D and E which forms a Hamiltonian circuit. Solve the traveling salesman problem to optimize the cost. The cost matrix is given below:
A BC D E
A. – 6 9 5 6
B. 6 – 8 5 6
C. 9 8 – 9
D. 5 5 9 – 9
E. 6 6 7 9 –

Answers

The optimal path for the traveling salesman is A -> E -> D -> B -> C with a total cost of 25.

A salesman is required to visit the cities A, B, C, D, and E which make up a Hamiltonian circuit. The traveling salesman problem needs to be solved to optimize the cost. The cost matrix is given below:

A BC D E A. – 6 9 5 6 B. 6 – 8 5 6 C. 9 8 – 9 D. 5 5 9 – 9 E. 6 6 7 9 –To optimize the cost, the solution should be such that the total distance covered is minimum. This is a common example of the Traveling Salesman Problem, which can be solved using various algorithms. Using the nearest neighbor algorithm for finding the optimal path in the TSP algorithm, we can compute a solution to the problem as follows:

Start at city A and move to the closest city which is E, which has a cost of 5. The new path is A -> E with a cost of 5. Next, we move to the next closest city, which is city D, with a cost of 5. The new path is A -> E -> D with a total cost of 10. The next closest city is city B, which has a cost of 6. The new path is A -> E -> D -> B with a total cost of 16. Finally, we move to the last city, city C, with a cost of 9. The new path is A -> E -> D -> B -> C with a total cost of 25. The optimal path is A -> E -> D -> B -> C with a total cost of 25.

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A bag contains 10 quarters, 6 dimes, and 4 pennies. Eight coins are drawn at random without replacement. What is the probability that the total value of the coins is 98 cents? Hint: There is only one combination of coins which add up to 98 cents. Do not provide a decimal answer.

Answers

The required probability is 3/118.

Given the number of coins in the bag10 quarters, 6 dimes, and 4 pennies.

Eight coins are drawn at random without replacement.

We need to find the probability that the total value of the coins is 98 cents.

Hint: There is only one combination of coins that add up to 98 cents.

The only combination of coins that adds up to 98 cents is 6 quarters and 2 dimes.

So, we need to find the probability of drawing 6 quarters and 2 dimes out of the bag, as we know that all coins have to be drawn without replacement.

Let Q denote the event of drawing a quarter and D denote the event of drawing a dime.

So, we have to calculate the probability[tex]P(QQQQQQDD).[/tex]

The probability of drawing 6 quarters out of 10 quarters is 10C6  = 210

The probability of drawing 2 dimes out of 6 dimes is 6C2  = 15

The probability of drawing nothing out of 4 pennies is 4C0  = 1

The total number of ways of drawing 8 coins out of 20 coins is[tex]20C8  = 125970[/tex]

So, the probability of drawing 6 quarters and 2 dimes out of the bag is

[tex](210 × 15 × 1) ÷ 125970 = 3150 ÷ 125970 \\= 21 ÷ 842 \\= 3 ÷ 118[/tex]

Hence, the required probability is 3/118.

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Your 5th grade class is having a "guess how many M&Ms are in the jar" contest. Initially, there are only red M&Ms in the jar. Then you show the children that you put 30 green M&Ms in the jar. (The green M&Ms are the same size as the red M&Ms and are thoroughly mixed in with the red ones.) Sanjay is blindfolded and allowed to pick 25 M&Ms out of the jar. Of the M&Ms Sanjay picked, 5 are green; the other 20 are red. Based on this experiment. what is the best estimate we can give for the total number of M&Ms in the jar? Explain how to solve this problem in two different ways, neither of which involves cross- multiplying.

Answers

The best estimate we can give for the total number of M&Ms in the jar is "300". This estimate takes into account the ratio of green M&Ms to the total M&Ms in Sanjay's sample.

Based on the information provided, we can assume that there are 30 green M&Ms in the jar for every 25 M&Ms. Therefore, by multiplying the number of groups of 25 (which is 30 divided by 25) by the number of green M&Ms in each group, we arrive at a total of 35 green M&Ms in the jar.

Additionally, since we know that the ratio of green to red M&Ms is 1:5,

we can determine that there are 175 red M&Ms in the jar. Adding the number of green and red M&Ms together yields a total count of 210 M&Ms.

However, to estimate the total number of M&Ms in the jar, we need to consider the ratio of Sanjay's sample to the total. By setting up an equation using the ratio of green M&Ms in the sample to the total M&Ms, we can solve for the total number of M&Ms in the jar, which turns out to be 150.

Since Sanjay's sample represents half of the M&Ms in the jar, we multiply the estimated total by 2, resulting in a final estimate of 300 M&Ms when cross-multiplication is done.

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Based on the given information, the best estimate we can give for the total number of M&Ms in the jar is 450. We can solve this problem by using the two different methods

Method 2:If we assume that the fraction of green M&Ms in the jar is the same as the fraction of green M&Ms picked by Sanjay, then we can use the proportion to find the total number of M&Ms in the jar.

Let's assume the total number of M&Ms in the jar is N.

Then, the fraction of green M&Ms in the jar = 30/N

Therefore, the fraction of green M&Ms picked by Sanjay = 5/25

Summary: According to the given information, the best estimate we can give for the total number of M&Ms in the jar is 450. We can solve this problem by using two different methods. One method is to use two equations, and the second method is to use the proportion of the fraction of green M&Ms in the jar.

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(Long question, be sure to scroll all the way to the bottom) A population of butterflies lives in a meadow, surrounded by forest. We want to investigate the dynamics of the population. Over the course of a season, 38% of the butterflies that were there at the beginning die. During each season, 24 new butterflies per square kilometer arrive from other meadows. a) The number of butterflies per square kilometer can be describe by a DTDS of the form 34+1 (++), where ay is the number of butterflies per square kilometer at the beginning of season t. Find the updating function

Answers

The population dynamics of butterflies in a meadow can be described using a discrete-time dynamical system (DTDS) with an updating function. In this particular case, the DTDS follows the form of 34+1 (++), where ay represents the number of butterflies per square kilometer at the beginning of season t. The objective is to determine the updating function that governs the population changes over time.

To find the updating function for the given DTDS form, we need to consider the factors that contribute to the population changes. According to the information provided, there are two main factors: mortality and immigration.

The mortality rate is given as 38%, which means that 38% of the butterflies present at the beginning of each season die. This can be accounted for by multiplying the previous population count by 0.62 (1 - 0.38).

The immigration rate is given as 24 new butterflies per square kilometer arriving from other meadows during each season. This can be added to the updated population count.

Combining these factors, the updating function for the DTDS can be represented as: ay+1 = (0.62)ay + 24.

This function takes into account the decrease in population due to mortality and the increase in population due to immigration, allowing us to track the dynamics of the butterfly population in the meadow over time.

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Six people are going to be seated-at random- in a line. Romeo wants to sit next to Juliet. Caesar will not sit next to Brutus. Micah and Maia are willing to sit anywhere. What's the probability that everyone in the "group" will be accommodated?

Answers

The final result is that the probability of everyone in the group being accommodated is 5/6 or approximately 0.8333. This means that there is an 83.33% chance that the seating arrangement will satisfy all the given conditions.

To calculate the probability that everyone in the "group" will be accommodated, we need to consider the different arrangements that satisfy the given conditions and divide it by the total number of possible arrangements.

Let's break down the problem:

Romeo wants to sit next to Juliet. We can treat Romeo and Juliet as a single entity, which means they will always sit together. So, we can consider them as one person when calculating the arrangements.

Caesar will not sit next to Brutus. We need to find arrangements where Caesar and Brutus are not adjacent. We can calculate the total number of arrangements where Caesar and Brutus are adjacent and subtract it from the total number of possible arrangements to get the arrangements where they are not adjacent.

Now, let's calculate the probabilities step by step:

Consider Romeo and Juliet as a single entity.

Since Romeo and Juliet always sit together, we can consider them as a single entity. So, the number of arrangements is reduced to 5! (factorial), as we are treating them as one person.

Calculate the arrangements where Caesar and Brutus are adjacent.

When Caesar and Brutus sit next to each other, we can treat them as a single entity. The total number of arrangements with Caesar and Brutus adjacent is 4! (factorial), as we treat them as one person.

Calculate the total number of possible arrangements.

Since we have 6 people, the total number of possible arrangements without any restrictions is 6! (factorial).

Calculate the arrangements where Caesar and Brutus are not adjacent.

To calculate the arrangements where Caesar and Brutus are not adjacent, we subtract the arrangements where they are adjacent from the total number of possible arrangements.

Number of arrangements where Caesar and Brutus are not adjacent = Total arrangements - Arrangements where Caesar and Brutus are adjacent

= 6! - 4!

Calculate the probability.

The probability is given by:

Probability = (Number of favorable outcomes)/(Total number of possible outcomes)

= (Number of arrangements where Caesar and Brutus are not adjacent) * (Number of arrangements considering Romeo and Juliet as a single entity) / (Total number of possible arrangements)

Probability = ((6! - 4!) * 5!) / 6!

Simplifying the expression:

Probability = (6 * 5 * 4!) / 6!

= 5 / 6

Therefore, the probability that everyone in the "group" will be accommodated is 5/6 or approximately 0.8333 (rounded to four decimal places).

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find the value of the variable for each polygon​

Answers

y = 7

x = 24

When two triangles are similar, the ratio of their corresponding sides are equal

For the bigger triangle we have a total 48; so for the smaller we have x

For the bigger, we have 14, so for the smaller, we have y

Mathematically;

25/x = 50/48

x * 50 = 25 * 48

x = (25 * 48)/50

x = 24

For y;

25/y = 50/14

y = (25 * 14)/50

y = 7

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Function 1
Function 2
Function 3
X
y
X
y
X
y
2
-11
4
4
0
-60
3
-21
5
-3
1
-40
4
-27
6
-10
2
-26
LO
5
-29
7
-17
-18
6
-27
8
-24
4
-16
O Linear
O Quadratic
Exponential
O None of the above
Linear Quadratic
Linear
Quadratic
Exponential
None of the above
Exponential
None of the ahova

Answers

The correct answer is Linear, Quadratic .The given table represents three different functions, and we need to determine which type of function is represented by each.

The types of functions are Linear, Quadratic, Exponential. We can determine the type of function based on the pattern that is present in the table.

Given data:

X y X y X y2 -11 4 4 0 -603 -21 5 -3 1 -404 -27 6 -10 2 -26LO 5 -29 7 -17 -18 6 -27 8 -24 4 -16

The first function is linear since we can find a linear pattern for the table.The second function is quadratic because we can find a quadratic pattern for the table.The third function is none of the above because we can not find any pattern for the table.

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Divide 6a²-15a²-12a' / 12a

Let f(x)=3x-r-18, g(x)=6x². Find (f-g)(x)

Answers

The division of the polynomial expression 6a²-15a²-12a' by 12a can be calculated. Additionally, the difference of two functions, f(x) = 3x-r-18 and g(x) = 6x², can be found by evaluating (f-g)(x).

To divide 6a²-15a²-12a' by 12a, we can factor out the common factor of 3a from each term. This results in (6a²-15a²-12a') / 12a = -9a/4.

For (f-g)(x), we need to subtract g(x) from f(x). Substituting the given functions, we have (f-g)(x) = f(x) - g(x) = (3x-r-18) - (6x²).

Simplifying further, we have (f-g)(x) = -6x² + 3x - r - 18.

By evaluating the subtraction of g(x) from f(x), the expression (f-g)(x) can be determined.

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Other Questions
2) (30 pts) For this question, consider that the letter "A" denotes the last 4 digits of your student number. That is, for example, if your student number is: 12345678, then A=5678. Assume that the factors affecting the aggregate expenditures of the sample economy, which are desired consumption (C), taxes (T), government spending (G), investment (1) and net exports (NX) are given as follows: Cd= A + 0.6 YD, T = 100+ 0.2Y, G=400, 1 = 300+ 0.05 Y, NX = 200 0.1Y. (a) According to the above information, explain in your own words how the tax collection changes as income in the economy changes? (b) Write the expression for YD (disposable income). (c) Find the equation of the aggregate expenditure line. Draw it on a graph and show where the equilibrium income should be on the same graph. (d) State the equilibrium condition. Calculate the equilibrium real GDP level. (e) What is the value of expenditure multiplier in this economy? If the government expenditure increases by 100 (i.e. AG=100), what will be the change in the equilibrium income level in this economy? What will be the new equilibrium level of real GDP? (f) Suppose that the output gap is given as "-2000". Explain what is output gap. Given this information, what is the level of potential GDP? How much should government change its spending (i.e. AG-?) to close the output gap? 3. Find the equation of the plane that goes through the points P(3,2,-4), Q(6,5,1), and R(-6, 5,3). W Show that at least three of any 25 days chosen must fall in the same month of the year. Proof by contradiction. If there were at most two days falling in the same month, then we could have at most 212 = 24 days, since there are twelve months. 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A. a lack of branch banking B. departure from the gold standard C. failure of the Fed to act as a lender Critically evaluate the economic effects caused by the conflict between Russia and Ukraine.In your assignment you are expected to: Establish the relevance of these two countries in international trade; Clearly identify the most relevant effects and explain the channel how these impact other countries / economic regions; Use economic terminology as appropriate; Support your analysis with appropriate economic statistics; and Include all references and data sources used. Jack purchased a new house 3 years ago. The purchase price were the following:Purchase price $280,000, Title fees $700, Recording Fees $100 , Survey Fee $1,000, Appraisal Fees $200, Escrow fees $500Additional renovations $37,000, His home office expenses $3,000, property tax $2,000What is Jacks adjusted basis in the house? Culminating Task 3 Simplify the rational expression and state all restrictions 8x-40/x2-11x+30 : 2x-6/x2-36 - 5/x-1 1. Which of the following would be classified as a current liability? a. Mortgage Payable b. Bonds Payable c. Five-year Notes Payable d. Wages Payable The unique cost(s) associated with the level production strategy is(are): A. Hiring and Firing cost B. Inventory cost C. Production cost D. Transportation cost If an investment center has generated a controllable margin of HK$150,000 and sales of HK$600,000, what is the return on investment for the investment center if average operating assets were HK$1,000,000 during the period? O 15% O 25% O 45% O 60% A company uses an item of inventory as follows:Purchase price 200 per unitDemand 40 unitsOrdering cost 300Holding cost 20% of purchase priceThe supplier offers 3% discount for order of 60 units and 5% discount for order of 90 unitsRequiredCalculate the order in units that minimize the total cost............ in order to prevent contamination and protect your hands, you should . a. wear gloves for all procedures b. wash hands before all procedures c. wash hands before and after all procedures d. use moisturizer before and after sterilization What fell from the sky after the bomb exploded? The average cost in terms of quantity is given as C(q) =q-3q+100, the margina rofit is given as MP(q) = 3q-1. Find the revenue. (Hint: C(q) = C(q) /q, R(0) = 0) The amount of time, t, in minutes that a cup of hot chocolate has been cooling as a function of its temperature, 7, in degrees Celsius is t = log- + log 0.77. What was the temperature of the drink after the first minute? Round to one decimal place.