1. A wholesaler received a shipment of goods, which is reported to be containing at most 2% defective items. He will accept the shipment if the claim is found true and reject if the percentage of defective items is more. To verity this claim, he draws a sample of 200 items and finds that 10 items are defective. Use 5% level of significance to investigate the claim.

Answers

Answer 1

At a 5% level of significance, the claims that a shipment of goods contains at most 2% defective items is accepted.

To investigate the claim that the shipment contains at most 2% defective items, we can use the 5% level of significance. The claim is that the population proportion of defective items is at most 2%, or p0 ≤ 0.02. The sample size is n = 200, and the sample proportion of defective items is pobs = 10/200 = 0.05.

The test statistic is then:

z = (pobs - p0) / √(p0(1-p0) / n)

= (0.05 - 0.02) / √(0.02(1-0.02)/200)

= 1.02.

With a 5% level of significance, we can look up the critical value for a one-tailed z-test and find that it is zα/2 = 1.645. Because 1.02 < 1.645, the test statistic is not greater than the critical value, and thus we fail to reject the null hypothesis that the population proportion of defective items is at most 2%.

In conclusion, with a 5% level of significance, the claim that the shipment contains at most 2% defective items is accepted.

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Related Questions

45 minutes of 2 1/2 hours as a percentage

show method ​

Answers

Answer:

30%

Step-by-step explanation:

First, I added up the number of minutes in 2 1/2 hours. 2 hours is 120 minutes, and 1/2 hour is 30 minutes. 120 + 30 = 150.

Next, divide 45 (which is the number out of 150 we are determining the percentage for) by 150 (which is the total number of minutes). Multiply that number by 100 to get 30. The answer is 30%.

I AM STUCK PLEASE HELP (IMAGE ATTACH)

Answers

Answer 38.4 sq inches is the total shaded area

Area formula = 1/2 × b × h

Triangle 1 = 1/2 (5.4 ) ( 6.4) = 17.28 sq in.
Triangle 2 = 1/2 ( 6.6) (6.4 ) = 21.12 sq in.

Add them together

17.28 + 21.12 = 38.4 sq in.

38.4 sq inches is the total shaded area

Step-by-step explanation:

[tex] \frac{1}{2} \times 5.4 \times 6.4 \\ = 17.28 \\ \frac{1}{2} \times 6.6 \times 6.4 \\ = 21.12 \\ 17.28 + 21.12 = 38.4 {in\\ }^{2} [/tex]

At a restaurant, 38 customers arder dessert from the menu. 22 order ice cream, and the rest order the classic cheesecake, c. How many customers order the classic cheesecake, c ?

Answers

A total of 16 customers order the classic cheesecake.

To find out how many customers order the classic cheesecake, c, we need to subtract the number of customers who order ice cream from the total number of customers who order dessert.

This is because the question tells us that there are only two dessert options, ice cream and classic cheesecake, c.

Here's the equation we can use to solve the problem:

c = total number of customers who order dessert - number of customers who order ice cream

We can plug in the given values from the question:

c = 38 - 22

Simplifying the equation:

c = 16

Therefore, 16 customers order the classic cheesecake, c.

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Theo is looking at a map of a water park that is laid out on a coordinate plane. Theo's current location is at (5, 0) on the map. The wave pool is at (–8, –12) and the tube slide is at (10, 11). Each unit on the map represents 25 yards. How much closer is Theo to the tube slide than the wave pool? Round to the nearest yard.

Answers

Using coordinate geometry, we can find that Theo is 5.61 units closer to the tube slide than the wave pool.

How to calculate distance in coordinate geometry?

Using the formula obtained from Pythagoras' theorem, distance can be computed. In coordinate geometry, the formula for distance is:

√ [(x2 – x1) ² + (y2 – y1) ²].

Given,

Theo is at point (5,0)

Wave pool is at point (-8, -12)

Tube Slide is at point (10,11)

We must first figure out how far Theo is from each ride in order to gauge how near he is to any of them. The distance formula can be used to achieve this.

By distance formula to find distance between two points (x1, y1) and (x2, y2), d= √[(x2-x1) ² + (y2-y1) ²]

Distance between Theo and wave pool is=

d= √ [(-13) ² + (-12) ²]

d= √313

d= 17.69 units.

Distance between Theo and tube slide is=

d= √ [5² + 11²]

d= √146

d = 12.08 units.

Difference between the two distances = 17.69 - 12.08

= 5.61 units.

Therefore, Theo is 5.61 units closer to the tube slide than the wave pool.

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The difference between the two outputs of a firm is 2 . Eight times the larger quantity is 10 times the smaller quantity. Write a system of equations describing the given conditions. Then solve the system and find the two output levels. Letx^represent the larger quantity andyrepresent the smaller quantity. Type the equation for "The difference between two quantities is 2." 0. (Enter vour response as an equation in terms ofxandy

Answers

The first equation describing the given conditions is x - y = 2, as the difference between the two outputs of a firm is 2. The second equation is 8x = 10y, as eight times the larger quantity is 10 times the smaller quantity. The system of equations can be written as:

x - y = 2
8x = 10y

To solve the system, we can use the substitution method. First, we can solve for x in the first equation:

x = y + 2

Then, we can substitute this expression for x into the second equation:

8(y + 2) = 10y

Distributing the 8 gives:

8y + 16 = 10y

Subtracting 8y from both sides gives:

16 = 2y

Dividing by 2 gives:

y = 8

Finally, we can substitute this value of y back into the first equation to find x:

x = 8 + 2 = 10

So the two output levels are x = 10 and y = 8.

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Due to an unforeseen case of asthma, Big Wolf Demolition has to buy a wrecking ball. The ball, along with its equipment, will cost $10,000. The cash flows resulting from the investment are as follows: Year 1: $6,000; Year 2: $7,500; Year 3: $7,000; Year 4: $2,000. Calculate the IRR of the project

Answers

The project is expected to generate a return of 16.1% per year, which is higher than the company's cost of capital.

To calculate the IRR of the project, we need to find the discount rate at which the present value of the cash inflows equals the initial cost of the investment. We can use the following formula to find the IRR:

NPV = 0 = CF0 + CF1/(1+IRR)¹ + CF2/(1+IRR)² + CF3/(1+IRR)³ + CF4/(1+IRR)⁴

Where:

CF0 = initial investment = -$10,000

CF1, CF2, CF3, CF4 = cash flows in years 1, 2, 3, and 4, respectively

IRR = the discount rate we want to find

Using the given values, we can plug them into the formula and solve for IRR using a financial calculator or Excel. Alternatively, we can use a trial-and-error method to find the discount rate that makes NPV equal to zero.

Here is one way to solve for IRR using Excel:

In Excel, create a new spreadsheet.

In cells A1 to A5, enter the cash flows: -10000, 6000, 7500, 7000, and 2000.

In cell B1, enter the formula: =IRR(A1:A5)

Press Enter. The IRR of the project is displayed in cell B1 as a percentage.

Using this method, we find that the IRR of the project is approximately 16.1%.

Therefore, the Internal Rate of Return (IRR) of the project is calculated to be 16.1%, which indicates that the project is expected to generate a return that is greater than the cost of capital for the company. Hence, investing in this project is considered financially viable for Big Wolf Demolition.

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Help me please with this

Answers

Answer:  Choice B

g(x) = -f(x) - 4

===========================================================

Explanation:

The point (0,1) is on the the red f(x) curve. It's the y-intercept.

If we reflected that point over the x axis, then it moves to (0,-1). Shift it down 4 units to get to (0,-5)

The point (0,-5) is on the purple g(x) curve.

This process of...

reflect over the x axisshift down 4 units

is applied to every point on the red curve to arrive at a corresponding point on the purple curve. The order of the transformations matters. We can't shift down first before reflecting (or else g(x) will be in a different spot).

We stick a negative sign in front of the f(x) to reflect over the x axis. This is to change the sign of the y coordinate from positive to negative. Our answer choices are narrowed to either B or C.

The answer is choice B since that -4 at the end means "shift each point 4 units down". We're subtracting 4 from each y coordinate.

GeoGebra and Desmos are two useful tools to help verify the answer.

Apply the fully parenthesize form in solving the arithmetic operation for the following expressions :
Ex. A - B + C =( (A - B) + C)
1. x + y * z - x
2. y - z * x / w + z
3. (z - w + x) /z * w
4. (x * w / z) - (x - y) * y
5. z - (w + x ) - y * z - y
6. (x - y + z) * z / z

Answers

Fully  parenthesize form of arithmetic operation are -

1. For the expression x + y * z - x, you can fully parenthesize it as follows: ((x + (y * z)) - x)
2. For the expression y - z * x / w + z, you can fully parenthesize it as follows: (((y - ((z * x) / w)) + z)
3. For the expression (z - w + x) / z * w, you can fully parenthesize it as follows: (((z - w) + x) / z) * w
4. For the expression (x * w / z) - (x - y) * y, you can fully parenthesize it as follows: (((x * w) / z) - ((x - y) * y))
5. For the expression z - (w + x ) - y * z - y, you can fully parenthesize it as follows: (((z - (w + x)) - (y * z)) - y)
6. For the expression (x - y + z) * z / z, you can fully parenthesize it as follows: (((x - y) + z) * z) / z

Given arithmetic expressions: 1. x + y * z - x2. y - z * x / w + z3. (z - w + x) /z * w4. (x * w / z) - (x - y) * y5. z - (w + x ) - y * z - y6. (x - y + z) * z / z. To apply fully parenthesize form in solving the arithmetic operation, the given arithmetic expressions are:1. ((x) + ((y) * (z))) - (x)2. ((y) - (((z) * (x)) / (w))) + (z)3. ((((z) - (w)) + (x)) / (z)) * (w)4. ((((x) * (w)) / (z)) - ((x) - (y))) * (y)5. (z) - (((w) + (x)) - ((y) * (z))) - (y)6. (((x) - (y) + (z)) * (z)) / (z)

Therefore, the fully parenthesized form in solving the arithmetic operation for the given expressions is shown as above.

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Maths question buys plsss

Answers

The difference in volumes between the total volume and initial volume is 40 milliliters.

What is volume?

Volume is a collection of two - dimensional points enclosed by a single dimensional line. Mathematically, we can write -

V = ∫∫∫ F(x, y, z) dx dy dz

Given is the volume flask as shown in the image.

Initial volume in the container {I} : 360 milliliters

Total volume of the container {T} : 400 milliliters

The difference in volumes between the total volume and initial volume -

{T} - {I}

400 - 360

40 milliliters

Therefore, the difference in volumes between the total volume and initial volume is 40 milliliters.

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The price of petrol is Rx per litre. After an increase in price of R1 per litre,
you can buy seven litres less for R504. Calculate the original petrol
price. Show all
your calculations[6]

Answers

Answer:

Let's assume that the original price of petrol is x per liter.

After the increase of R1 per liter, the new price of petrol is (x+1) per liter.

According to the problem, with the new price, you can buy 7 liters less for R504, so we can write:

7(x+1) = 504

Simplifying this equation, we get:

7x + 7 = 504

Subtracting 7 from both sides, we get:

7x = 497

Dividing both sides by 7, we get:

x = 71

Therefore, the original price of petrol was Rx71 per liter.

steve earns $255.75 a week. He is single.and claims 2 allowances. What amount is withheld for federal income tax

Answers

Answer:

$445.10

Step-by-step explanation:

The amount withheld for federal income tax depends on several factors, including Steve's filing status, income, and deductions. However, we can make an estimate based on some assumptions.

Assuming Steve is paid weekly and is paid for 52 weeks a year, his gross income would be:

$255.75 x 52 = $13,293

We also assume that Steve is claiming two allowances. Each allowance reduces the amount of taxable income subject to federal income tax withholding. For 2021, each allowance is equal to $4,300.

Therefore, Steve's taxable income for federal income tax purposes would be:

$13,293 - (2 x $4,300) = $4,693

To estimate the federal income tax withholding, we can use the IRS tax tables. For a single person claiming two allowances and earning $4,693 per week, the estimated federal income tax withholding would be:

$445.10

However, this is just an estimate, and the actual federal income tax withholding may be different based on Steve's specific circumstances. It's always best to consult with a tax professional for accurate tax advice.

john needs to save at least $120 for camp. He has saved $60. Which graph represents the amount of money that john still needs to save for camp?

Answers

The graph that best represents the amount of money that John still needs to save for camp is a bar graph.

What is a bar graph?

A bar graph is a graphical representation of data that is used to compare different categories of data. It is composed of rectangular bars with lengths proportional to the values that they represent. A bar graph may contain either vertical or horizontal bars, and it is usually used to represent data that is grouped into categories.

This graph would have a vertical axis that represents the amount of money that still needs to be saved and a horizontal axis that represents the amount of time. The graph would start with the bar at $60 and gradually increase over time until it reaches the goal of $120. He could also use the graph to determine how much money he needs to save each week or month in order to reach the goal on time.

Additionally, the graph could show him how much he has saved so far and how much he needs to save in order to reach the goal.

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Which is a Perfect square

Answers

Answer: B

Step-by-step explanation:

A perfect square is in the name: square!

Any number squared means that it can represent a square, since the side lengths are equal. In this example, 6^2 is a perfect square since a square with equal side lengths of 6*6 would be perfect; any other length measures would not make it a square. Hope this helps explain it!

Answer:

6^2

Step-by-step explanation:

62 = (6 ×  6) = 36. Here, 36 is a perfect square because it is the product of two equal integers, 6 × 6 = 36.

WILL MAKK AS BRAINLIEST!

Answer the following questions for the function f(x)=x√(x²+16) defined on the interval [-7,5].

A. f(a) is concave down on the interval ___ to _____
B. f(x) is concave up on the interval ____ to ____
C. The inflection point for this function is at x = _____
D. The minimum for this function occurs at = _____
E. The maximum for this function occurs at x = _____

Answers

f(a) is concave down on the interval -∞ to -4 and on the interval 0 to ∞, f(x) is concave up on the interval -4 to 0, inflection point for this function is at x = -2 and x = 2, the minimum for this function occurs at x = -4, the maximum for this function occurs at x = 0.

What is expressions ?

In mathematics, an expression is a combination of numbers, symbols, and operators (such as +, -, *, /, ^) that represents a value or a quantity. Expressions can contain variables, which are symbols that can take on different values. An expression can also be a combination of other expressions. Expressions are used to represent mathematical relationships, make calculations, and solve problems.

According to given conditions :

To answer these questions, we need to find the first and second derivatives of the function:

f(x) = x√(x²+16)

f'(x) = √(x²+16) + x(x²+16)[tex]^{(-1/2)}[/tex](2x)

f''(x) = (2x)/(x²+16)[tex]^{(3/2)}[/tex]+ (x²+16)[tex]^{(-1/2)}[/tex] + 2(x²+16)[tex]^{(-1/2)}[/tex]

A. f(a) is concave down on the interval -∞ to -4 and on the interval 0 to ∞.

To determine where the function is concave down, we need to find where the second derivative is negative. The second derivative is negative on the intervals (-∞, -4) and (0, ∞), so the function is concave down on those intervals.

B. f(x) is concave up on the interval -4 to 0.

To determine where the function is concave up, we need to find where the second derivative is positive. The second derivative is positive on the interval (-4, 0), so the function is concave up on that interval.

C. The inflection point for this function is at x = -2 and x = 2.

The inflection points occur where the concavity of the function changes. We found that the function is concave down on (-∞, -4) and (0, ∞), and concave up on (-4, 0). Therefore, the inflection points occur at x = -2 and x = 2.

D. The minimum for this function occurs at x = -4.

To find the minimum, we can either use the first derivative test or the second derivative test. Using the first derivative test, we look for where the first derivative changes sign from negative to positive, which indicates a local minimum. Using the second derivative test, we look for where the second derivative is positive, which indicates a local minimum. Either way, we find that the minimum occurs at x = -4.

E. The maximum for this function occurs at x = 0.

To find the maximum, we can either use the first derivative test or the second derivative test. Using the first derivative test, we look for where the first derivative changes sign from positive to negative, which indicates a local maximum. Using the second derivative test, we look for where the second derivative is negative, which indicates a local maximum. Either way, we find that the maximum occurs at x = 0.

Therefore, f(a) is concave down on the interval -∞ to -4 and on the interval 0 to ∞, f(x) is concave up on the interval -4 to 0, inflection point for this function is at x = -2 and x = 2, the minimum for this function occurs at x = -4, the maximum for this function occurs at x = 0.

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What is the circumference of the circle with a radius of 6.5 meters? Approximate using π = 3.14.

40.82 meters
20.41 meters
9.64 meters
4.33 meters

Answers

40.82 meters

The circumference of the circle.

The formula:

[tex]\huge\begin{array}{ccc}C=2\pi r\end{array}[/tex]

[tex]r[/tex] - radius

SOLUTION:

We have:

[tex]r=6.5m[/tex]

Substitute:

[tex]C=2\cdot6.5m\cdot\pi=13\pi m[/tex]

Use: [tex]\pi\approx3.14[/tex]

[tex]C\approx13m\cdot3.14=40.82m[/tex]

Answer:40.82 meters

The circumference of the circle.

The formula:

- radius

SOLUTION:

We have:

Substitute:

Use:

Step-by-step explanation:

Give bro above me the good stuff

A venue sells seated, standing and VIP tickets.
The seated and standing tickets are in the ratio 1:2
The standing and VIP tickets are in the ratio 6:1
What percentage of the tickets sold are standing?

Answers

The percentage of those standing is 60%

How to determine the percentage  of those standing

From the question, we have the following parameters that can be used in our computation:

The seated and standing tickets are in the ratio 1:2The standing and VIP tickets are in the ratio 6:1

Using the above as a guide, we have the following:

Seated : Standing = 1 : 2

Standing : VIP = 6 : 1

Multiply Seated : Standing = 1 : 2 by 3

Seated : Standing = 3 : 6

Standing : VIP = 6 : 1

Combine the ratios

Seated : Standing : VIP = 3 : 6 : 1

So, we have

Standing = 6/(3 + 6 + 1) * 100%

Evaluate

Standing = 60%

Hence, the percentage is 60%

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Question 10 Solve the linear inequality 3x+(1)/(3)>=(3)/(2)x+(4)/(7). Enter your answer using interval notation.

Answers

The linear inequality answer using interval notation are [10/63, ∞]

To solve the linear inequality 3x+(1)/(3)>=(3)/(2)x+(4)/(7), we need to isolate the variable on one side of the inequality.

Here are the steps to do so:

1. Subtract (3)/(2)x from both sides of the inequality: 3x-(3)/(2)x+(1)/(3)>=(4)/(7)

2. Combine like terms on the left side of the inequality: (3/2)x+(1)/(3)>=(4)/(7)

3. Subtract (1)/(3) from both sides of the inequality: (3/2)x>=(4)/(7)-(1)/(3)

4. Find a common denominator and combine the fractions on the right side of the inequality: (3/2)x>=(12-7)/(21)

5. Simplify the fraction on the right side of the inequality: (3/2)x>=(5)/(21)

6. Multiply both sides of the inequality by the reciprocal of (3/2) to isolate the variable: x>=(5)/(21)*(2)/(3)

7. Simplify the fraction on the right side of the inequality: x>=(10)/(63)

The solution to the inequality is x>=(10)/(63). In interval notation, this is expressed as [10/63, infinity).

So the answer is [10/63, infinity]

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Hi. if someone could help me please do it due tomorrow and I have no clue ​

Answers

Answer:if what im getting at is correct, 8000  cm for the part a then that means part b is probably in conversion of that to 80 m

Step-by-step explanation:

if what i think may be correct 1:1000 means that 8 cm would be 8000 then, if it wants to know the real length in meters then it would have to be converted making it 80 meters

___________________________________________________

Hope this is correct

Answer:

A) 8000 cm

B) 80m

Step-by-step explanation:

A) 1:1000 is 0.001 times that by 1000 you get 8 x 1000=8000

=8000cm

B) we know that in cm the ship size is 8000cm converting cm to meter is basically

8000÷100= 80meters

use the number line to represent the solution 5 x < 20

Answers

x<4 is the solution of the inequality 5 x < 20

What is Number system?

A number system is defined as a system of writing to express numbers.

The given inequality is  5 x < 20

We have to solve for x

Divide both sides by 5

x<20/5

Divide numerator and denominator by 5

x<4

The graph of x<4 is given in the attachment.

Hence, x<4 is the solution of the inequality 5 x < 20

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The area of a square living room is 256 ft2
. Which is the length of the room?

Answers

Answer:

squareroot(256)

16

Step-by-step explanation:

im genius

Which of the following statements is true? Please explain why.
(a) Regression coefficients estimated using least squares are always BLUE.
(b) If the omitted variable has positive effect on the explained variable and is negatively correlated with another explanatory variable we have negative bias.
(c) R2 j in the expression: V ar(βˆ j ) = σ 2 SSTj (1−R2 j ) is obtained from the regression of the dependent variable on the rest of explanatory variables.
(d) None of the above

Answers

The correct statement is (a) Regression coefficients estimated using least squares are always BLUE.

Therefore, statement (a) is true. The other statements are not correct. Statement (b) is incorrect because the omitted variable bias can be positive or negative, depending on the direction of the correlation between the omitted variable and the other explanatory variables. Statement (c) is incorrect because R2 j is obtained from the regression of the jth explanatory variable on the rest of the explanatory variables, not the dependent variable. Statement (d) is incorrect because statement (a) is true.

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Find the
1. End behavior
2. X-intercepts
3. Positive/negative
4. Multiplicity

Answers

The end behavior is that as x moves toward negative infinity, f(x) moves toward negative infinity and as x moves toward positive infinity, f(x) moves toward positive infinity. F(x) only has one x-intercept, which is x = 3.

What is the end behavior

The given function is f(x) = -x³ + 2x² + 3

1. End behavior:

As the leading coefficient of f(x) is negative, -x^3 dominates the behavior of the function as x moves towards -∞ or +∞. Therefore, the end behavior of the function is:

As x approaches negative infinity, f(x) approaches negative infinity.As x approaches positive infinity, f(x) approaches negative infinity.

2. X-intercepts:

To determine the x-intercepts of the function, we have to calculate the equation f(x) = -x^3 + 2x^2 + 3 = 0. We can factor out a common factor of -1 to simplify the equation:

-x^3 + 2x^2 + 3 = 0

x^3 - 2x^2 - 3 = 0

Applying synthetic division or long division, one of the roots of this equation is x = 3. We can then factor out (x - 3) using polynomial division to find the other two roots:

x^3 - 2x^2 - 3 = (x - 3)(x^2 + x + 1)

The factor of x^2 + x + 1 has no real roots, so the only x-intercept of f(x) is x = 3.

3. Positive/negative:

To determine the sign of f(x) for different values of x, we can look at the sign of each factor in the polynomial:

The leading coefficient of f(x) is negative, so for very large negative or positive values of x, f(x) is negative.The factor -x^3 is negative for negative values of x and positive for positive values of x.The factor 2x^2 is positive for all values of x.The constant term 3 is positive.

Putting these together, we can make the following sign chart for f(x):

x                         f(x)

x < 0                   -

0 < x < 3                  +

x > 3                  -

4. Multiplicity: The single root of f(x) has multiplicity 1 and is given by x = 3. This indicates that at x = 3, the graph of f(x) crosses the x-axis and switches signs.

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Help I need brainlist

Answers

Answer:

Slope = -250

Interpretation: Every month the value of the car goes down $250.

Step-by-step explanation:

The slope of this linear function is -250 because every 4 months, the value goes down by $1000 so...

-1000/4 = -250

Interpretation: Every month the value of the car goes down $250.

Hope this helps!

what is the least whole-number angle measure of a regular polygon? ​

Answers

Answer: 60

Step-by-step explanation:

The least whole-number angle measure of a regular polygon would be 60 degrees.

What is the sum of all the exterior angles of a regular polygon?

For a regular polygon of any number of sides, the sum of its exterior angle is 360° (full angle).

Exterior angle is a measure of rotation between one extended side(we extend it virtually) of the polygon with its adjacent side which is not extended. Because the polygon being regular, let it be having 'n' sides, all the exterior angles are of the same measure, and therefore, their measure is (360/n)°.

We can conclude that  least whole-number angle measure of a regular polygon = 60 degrees.

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PLEASE HELP ME I REALLY NEED HELP

Answers

Answer: true, true, false, true

Step-by-step explanation:

1 True- 2 is a prime number

2- True 2 is a prime number

3 False 2,3,5,7 can be prime numbers as well

4 True 2 is a prime number

Hans has scored 79, 89, 80, and 65 on his previous four tests. What score does he need on his next test so that his average (mean) is 77?

Answers

yes

im not sure though try it!

You and your friend are in an ice skating race. You skate at a rate of 12 feet per second. Your friend skates at a rate of 10 feet per second and has a head start of 20 feet.
a. How long will it take you to catch up to your friend?
b. The entire race is 180 feet. How far ahead of your friend will you be when you cross the finish line?

Answers

a.   It will take you 2 seconds to catch up to your friend.

b.  You will be 60 feet ahead of your friend when you cross the finish line.

a. This is because you are skating at a rate of 12 feet per second and your friend has a head start of 20 feet, so you must cover 20 feet in 2 seconds (20 feet/12 feet per second).

b. You will be 60 feet ahead of your friend when you cross the finish line.

This is because your friend is skating at a rate of 10 feet per second, and you are skating at a rate of 12 feet per second, so you will gain an additional 2 feet per second.

Therefore, in the 180-foot race, you will have gained an additional 60 feet over your friend (180 feet/2 feet per second).

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Desminos Pizza's online menu offers small, medium, and large pizzas. Using the digits 0-9, without repeating, fill in each blank such that each equation is true. MENU SIZE PRICE MEDIUM $15+$2 PER TOPP

Answers

15 + 2x = Price

The price of a medium-sized pizza at Desminos Pizza's online menu is $15 plus $2 per topping. The equation for this is 15 + 2x = Price, where x represents the number of toppings.

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Suppose my utility function for asset position x is given by u(x) = 2x + 1.
a) Am I risk-averse, risk-neutral, or risk-seeking?
b) I now have $20,000 and am considering the following two lotteries:
Li: With probability I, I lose $1,000
L2: With probability .9, I gain $0.
With probability .1, I lose $10,000.
Determine which lottery I prefer and the risk premium of L2.

Answers

The risk premium of L2 is $19,000 - $18,000.5 = $999.5.

The utility function u(x) = 2x + 1 represents a risk-neutral individual. This is because the utility function is a linear function, meaning that the marginal utility of wealth is constant. Therefore, the individual is indifferent between a certain outcome and a risky outcome with the same expected value.

To determine which lottery the individual prefers, we can calculate the expected utility of each lottery and compare them. The expected utility of a lottery is the sum of the probabilities of each outcome multiplied by the utility of that outcome.

The expected utility of Li is:

EU(Li) = 1 * u($20,000 - $1,000) = 1 * u($19,000) = 1 * (2 * $19,000 + 1) = $38,001

The expected utility of L2 is:

EU(L2) = 0.9 * u($20,000 + $0) + 0.1 * u($20,000 - $10,000) = 0.9 * u($20,000) + 0.1 * u($10,000) = 0.9 * (2 * $20,000 + 1) + 0.1 * (2 * $10,000 + 1) = $36,001.1

Since the expected utility of Li is greater than the expected utility of L2, the individual prefers Li.

The risk premium of L2 is the difference between the certain outcome that gives the same utility as L2 and the expected value of L2. The certain outcome that gives the same utility as L2 is $18,000.5, since u($18,000.5) = $36,001.1. The expected value of L2 is $19,000. The risk premium of L2 is $19,000 - $18,000.5 = $999.5.

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Risk premium = $900


a) Since the utility function is increasing, this means you are risk-averse as increasing your position increases your utility.

b) In this case, you would prefer Lottery Li as it has lower risk of loss compared to Lottery L2. The risk premium of L2 can be calculated by finding the expected value of the lottery and subtracting the expected value of Li.
Expected Value of Li: (.9 x $20,000) - (.1 x $1,000) = $18,900
Expected Value of L2: (.9 x $20,000) - (.1 x $10,000) = $18,000

Risk premium = $18,900 - $18,000 = $900

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Find A if: a. 5A−|[1 0], [2 3]|=3A−|[5 2] ,[ 6 1]| b. 3A−[2],[1]=5A−2[3],[0]

Answers

The solutions for A if 5A−|[1 0], [2 3]|=3A−|[5 2] ,[ 6 1]|  is 5  and for equation 3A−[2],[1]=5A−2[3],[0] is 2.

To find A in the given equations, we need to use the properties of matrices and solve for A.

For equation a:
5A−|[1 0], [2 3]|=3A−|[5 2], [6 1]|

First, we need to find the determinants of the matrices. The determinant of a 2x2 matrix is found by multiplying the elements on the main diagonal and subtracting the product of the elements on the other diagonal.

So, |[1 0], [2 3]| = (1*3) - (0*2) = 3
And, |[5 2], [6 1]| = (5*1) - (2*6) = -7

Now we can substitute these values back into the equation and solve for A.

5A - 3 = 3A - (-7)
5A - 3 = 3A + 7
2A = 10
A = 5

For equation b:
3A−[2],[1]=5A−2[3],[0]

First, we need to find the determinant of the matrix [2],[1]. The determinant of a 1x1 matrix is simply the value of the single element.

So, |[2],[1]| = 2

Now we can substitute this value back into the equation and solve for A.

3A - 2 = 5A - 2(3)
3A - 2 = 5A - 6
2A = 4
A = 2

Therefore, the solutions for A are 5 for equation a and for equation b the value A is 2

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