Forecasting plays a crucial role in time series modelling, despite the difficulty of predicting the future.
How does forecasting contribute to time series modelling despite the challenges of predicting the future?Forecasting plays a vital role in time series modelling as it allows us to make informed predictions about future values based on historical data patterns.
Although Nils Bohr's quote emphasizes the inherent difficulty of predicting the future, forecasting techniques enable us to uncover meaningful insights and trends, providing valuable information for decision-making and planning.
Time series modelling involves analyzing past data points to identify patterns, trends, and seasonality in a time-dependent sequence. By understanding these patterns, statistical models can be constructed to forecast future values with a certain level of confidence.
This is particularly relevant in various fields such as finance, economics, weather forecasting, and sales forecasting, where accurate predictions are crucial for effective planning and resource allocation.
Forecasting techniques, such as exponential smoothing, moving averages, and autoregressive integrated moving average (ARIMA) models, take into account historical data points and aim to capture underlying patterns and relationships.
These models can then be used to generate forecasts for future time periods, enabling organizations and individuals to anticipate potential outcomes and make informed decisions.
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one side of a rectangle is 2 inches longer than the other side. find the lengths of both sides if the area of the rectangle is 15 square inches
The dimensions of the rectangle are 3 inches by 5 inches.
Let x be the length of one side of the rectangle. Then the other side is 2 inches longer, so its length is x + 2. The area of the rectangle is given by A = L × W, where L is the length and W is the width.
We are told that the area of the rectangle is 15 square inches, so we can set up the equation:
x(x + 2) = 15
Expanding the left side, we get:
x^2 + 2x = 15
Subtracting 15 from both sides, we get:
x^2 + 2x - 15 = 0
We can factor the left side of the equation to get:
(x + 5)(x - 3) = 0
Therefore, either x + 5 = 0 or x - 3 = 0. Solving for x in each case, we get:
x = -5 or x = 3
Since the length of a side cannot be negative, we must reject the solution x = -5. Therefore, the length of one side of the rectangle is x = 3 inches. The other side is 2 inches longer, so its length is x + 2 = 5 inches. Therefore, the dimensions of the rectangle are 3 inches by 5 inches.
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Answer:
Longer side: 5 in.
Shorter side: 3 in.
Step-by-step explanation:
You can start by looking at the integer values. To do that, we can find the factors of 15.
The factors are:
1, 3, 5, and 15
Is there a pair so that one number is 2 more than the other?
Yes. The pair 3, 5 are 2 numbers away from each other, and they multiply to get 15.
Hope this helps.
the diagram below is a picture of a broken post. determine the height of the post before it was broken.
step 1
Find the hypotenuse of the right triangle
Applying Pythagorean Theorem
c^2=7^2+24^2
c^2=625
c=25 ft
therefore
the height is equal to
h=25+24=49 ft
answer is 49 ftneed answer asap please
The graph of the defined piece-wise function is sketched at the end of the answer.
What is a piecewise-defined function?A piecewise-defined function is a function that has different definitions, depending on the input of the function.
In the context of this problem, the function has three definitions, as follows:
To the left of x = -3. (x <= -3).Between x = -3 and x = 4. (-3 < x < 4).To the right of x = 4. (x >= 4)For the first definition, to the left of x = -3, the function assumes a constant value of 3, hence it is an horizontal line at y = 3.
For the second definition, between x = -3 and x = 4, the function is a increasing linear function, with intercept 1 and slope 2, due to the rule y = 2x + 1.
For the third definition, to the right of x = 4, the function assumes a constant value of -2, hence it is an horizontal line at y = -2.
With each of these definitions, the graph of the function is given at the end of the answer.
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I need help please ??
Answer:
a. 2(4*8 + 8*6 + 4*6)
2(32+48+24)
2(104)
208 in^2
b. 4*8*6 = 192 in^3
Someone give me the answer to this
The equation of the line from the given graph is y = 3x + 1.
What is equation of line?With the aid of the line's slope and a point on the line, the equation of a line may be created. For a better understanding of how a line's equation is created, let's learn more about the line's slope and the necessary point on the line. The slope of a line is the angle that the line makes with the positive x-axis and can be stated as a numerical integer, fraction, or as the tangent of that angle. The term "point" refers to a coordinate system point with the x and y coordinates.
From the given graph we observe the two coordinates of the line are (0, 1) and (3, 10).
The slope of the line is given as:
m = y2 - y1 / x2 - x1
m = (10 - 1) / (3 - 0)
m = 9/3 = 3
The point-slope intercept is given as:
y - y1 = m (x - x1)
Substituting the values:
y - 1 = 3 (x - 0)
y - 1 = 3x
y = 3x + 1
Hence, the equation of the line is y = 3x + 1.
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Al 2. Check if the following vectors are a) orthogonal b) linearly independent (1,1,-1), (2, 0, 1), (0, 3, 3)
a) The dot product of the first two vectors is not zero but the dot product of the second pair is zero, the given vectors are not orthogonal.
b) The given vectors are linearly independent.
a) To check if the given vectors are orthogonal, we need to compute the dot products of each pair of vectors and verify that the dot product is zero for all pairs:
(1,1,-1) . (2,0,1) = 2 + 0 - 1 = 1
(1,1,-1) . (0,3,3) = 0 + 3 - 3 = 0
(2,0,1) . (0,3,3) = 0 + 0 + 3 = 3
Since the dot product of the first two vectors is not zero but the dot product of the second pair is zero, the given vectors are not orthogonal.
b) To check if the given vectors are linearly independent, we need to determine whether there exist non-zero constants c₁, c₂, and c₃ such that
c₁(1,1,-1) + c₂(2,0,1) + c₃(0,3,3) = (0,0,0)
This leads to the system of equations:
c₁ + 2c₂ = 0
c₁ + 3c₃ = 0
-c₁ + c₂ + 3c₃ = 0
We can solve this system using elimination or substitution. Without going into details of elimination or substitution, we obtain c₁ = 0, c₂ = 0, and c₃ = 0 as the only solution. This means that the only linear combination of the given vectors that produces the zero vector is the trivial one, where all coefficients are zero.
Therefore, the given vectors are linearly independent.
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Among college students, the proportion p who say they're interested in their congressional district's election results has traditionally been 65%. After a series of debates on campuses, a political scientist claims that the proportion of college students who say they're interested in their district's election results is more than 65%. A poll is commissioned, and 180 out of a random sample of 265 college students say they're interested in their district's election results. Is there enough evidence to support the political scientist's claim at the 0.05 level of significance?
Using the test statistic, at the 0.05 level of significance, we do not find sufficient evidence to support the political scientist's claim and hence reject the null hypothesis.
Do we have enough evidence to support the political scientist's claim at the 0.05 level of significance?To determine whether there is enough evidence to support the political scientist's claim that the proportion of college students interested in their district's election results is more than 65%, we can perform a hypothesis test using the given data.
Let's set up the null and alternative hypotheses:
H₀: p ≤ 0.65 (Null hypothesis: The proportion of college students interested in election results is 65% or less)
Ha: p > 0.65 (Alternative hypothesis: The proportion of college students interested in election results is more than 65%)
We are given that the sample size is 265 college students, and out of this sample, 180 students say they're interested in their district's election results.
To perform the hypothesis test, we'll calculate the test statistic, which is the z-statistic in this case, using the formula:
z = (p - p₀) / √(p₀(1-p₀)/n)
Where p is the sample proportion, p₀ is the hypothesized proportion under the null hypothesis, and n is the sample size.
Let's calculate the sample proportion:
p = 180 / 265 ≈ 0.679
Now, we can calculate the test statistic:
z = (0.679 - 0.65) / √(0.65(1-0.65)/265) ≈ 1.295
Next, we'll compare the test statistic with the critical z-value at a 0.05 level of significance (α = 0.05) for a one-tailed test.
Using a standard normal distribution table or a statistical calculator, the critical z-value at α = 0.05 is approximately 1.645.
Since the test statistic (1.295) does not exceed the critical z-value (1.645), we fail to reject the null hypothesis. In other words, we do not have enough evidence to support the political scientist's claim that the proportion of college students interested in their district's election results is more than 65% based on this sample.
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Does the graph represent y as a function of x?
Answer:
No this is not a function
Step-by-step explanation:
If you use the vertical line test which is just a line used across the graph. If we can draw any vertical line that intersects a graph more than once then it is not a function.
11. Mrs. Jackson buys bottles of juice. Her
family drinks of a bottle each day.
What is the least number of bottles
Mrs. Jackson can buy so her family
will not have any juice left over at
the end of a day?
A 3
B 4
C 6
D 12
Answer:
4 so B
Step-by-step explanation:
3. Consider a polar curve r =-2 sin θ (a) Sketch the curve with the given polar equation by first sketching the graph of r as a function of θ in Cartesian coordinates. (b) Sketch the graph of the same polar curve but by converting it in to the Carte- sian form. (c) Are the graphs from Part(a) and Part(b) are same or different? Why?
The polar curve r = -2 sin θ can be graphed by first plotting the graph of r as a function of θ in Cartesian coordinates. To do this, we can set r = y and θ = x, and then plot the resulting equation y = -2 sin x.
This graph will have the shape of a sinusoidal wave with peaks at y = 2 and troughs at y = -2.
To sketch the same polar curve in Cartesian form, we can use the conversion equations x = r cos θ and y = r sin θ. Substituting in the given polar equation, we get x = -2 sin θ cos θ and y = -2 sin² θ. Simplifying these equations, we get x = -sin 2θ and y = -2/3 (1-cos² θ). This graph will have the shape of a four-petal rose.
The graphs from Part (a) and Part (b) are different because they represent different equations. Part (a) is the graph of y = -2 sin x, which is a sinusoidal wave. Part (b) is the graph of a four-petal rose. However, both graphs share some similarities in terms of their shape and symmetry. They are both symmetrical about the origin and have a repeating pattern.
In conclusion, we can sketch a polar curve by first graphing r as a function of θ in Cartesian coordinates and then converting it to Cartesian form. The resulting graphs may look different, but they often share similar patterns and symmetries.
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Determine the intercepts of the line.
Do not round your answers.
y = 8x – 18
Answer:
x intercept = ( 9/4,0)
y intercept = (0,-18)
Answer:
y-intercept = -18
x-intercept = 9/4
Step-by-step explanation:
Adam's family went out to lunch yesterday and their meal cost $32.85 total.
If they plan to leave a 20% gratuity, how much tip should they leave?
$3.29
O $6.57
O $26:28
$39.42
Answer:
$6.57
Step-by-step explanation:
Answer:
6.57
Step-by-step explanation:
What is the slope of the line?
NEED HELP!!! I DON"T UNDERSTAND HOW TO FILL THIS IN. WILL MARK BRAINLIEST FOR THE BEST ANSWER!!!
Properties of Rhombuses, Rectangles, and Squares
Complete the following chart by putting an “X” in the boxes that are TRUE, put a "0" in the boxes that are FALSE.
Given the system of equations below. Use the Inverse of the matrix method to solve. x+2y+3z=11
2x+4y+5z=21
3x+5y+6z=27
The solution of the given system of equations is x = -4, y = 5 and z = 2 is the answer.
The system of equations given below:x + 2y + 3z = 11;2x + 4y + 5z = 21;3x + 5y + 6z = 27.
Here, we will solve this system of equations using inverse of the matrix method as follows:
We can write the given system of equations in matrix form as AX = B where, A = [1 2 3; 2 4 5; 3 5 6], X = [x; y; z] and B = [11; 21; 27].
The inverse of matrix A is given by the formula: A-1 = (1/ det(A)) [d11 d12 d13; d21 d22 d23; d31 d32 d33] where,
d11 = A22A33 – A23A32 = (4 × 6) – (5 × 5) = -1,
d12 = -(A21A33 – A23A31) = -[ (2 × 6) – (5 × 3)] = 3,
d13 = A21A32 – A22A31 = (2 × 5) – (4 × 3) = -2,
d21 = -(A12A33 – A13A32) = -[(2 × 6) – (5 × 3)] = 3,
d22 = A11A33 – A13A31 = (1 × 6) – (3 × 3) = 0,
d23 = -(A11A32 – A12A31) = -[(1 × 5) – (2 × 3)] = 1,
d31 = A12A23 – A13A22 = (2 × 5) – (3 × 4) = -2,
d32 = -(A11A23 – A13A21) = -[(1 × 5) – (3 × 3)] = 4,
d33 = A11A22 – A12A21 = (1 × 4) – (2 × 2) = 0.
We have A-1 = (-1/1) [0 3 -2; 3 0 1; -2 1 0] = [0 -3 2; -3 0 -1; 2 -1 0]
Now, X = A-1 B = [0 -3 2; -3 0 -1; 2 -1 0] [11; 21; 27] = [-4; 5; 2]
Therefore, the solution of the given system of equations is x = -4, y = 5 and z = 2.
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(-5,4); m=3
what is the equation of the line?
Answer:
y = 3x + 19
Step-by-step explanation:
Point slope formula: y-y1=m(x-x1)
y - 4 = 3(x - (-5))
y - 4 = 3(x + 5)
y - 4 = 3x + 15
y = 3x + 19
Suppose X and Y are continuous random variables with joint pdf given by f(x, y) = 24xy if 0 < x, 0 < y, x + y < 1, and zero otherwise.
(a) Are X and Y independent? Why or why not?
(b) Find P(Y > 2X).
(c) Find the marginal pdf of X.
X and Y are not independent.
P(Y > 2X) = 3/16.
Marginal pdf of X = 12x(1-x)² for 0 < x < 1
Briefly explain about what method is used to answer each part of the question?(a) To determine if X and Y are independent, we need to check if the joint pdf can be factored into the product of the marginal pdfs:
f(x,y) = 24xy if 0 < x, 0 < y, x + y < 1, and zero otherwise.
Marginal pdf of X can be calculated by integrating the joint pdf over the all possible values of y:
f(x) = ∫ f(x,y) dy from 0 to 1-x
= ∫ 24xy dy from 0 to 1-x
= 12x(1-x)² for 0 < x < 1
Similarly, the marginal pdf of Y can be found by integrating the joint pdf over all possible values of x:
f(y) = ∫ f(x,y) dx from 0 to 1-y
= ∫ 24xy dx from 0 to 1-y
= 12y(1-y)² for 0 < y < 1
To check for independence, we need to verify if f(x,y) = f(x)f(y) for all x and y. However, if we multiply the marginal pdfs, we get:
f(x)f(y) = 144xy(1-x)²(1-y)² for 0 < x < 1 and 0 < y < 1
This is not the same as the joint pdf, so X and Y are not independent.
(b) To find P(Y > 2X), we need to integrate the joint pdf over the region where Y > 2X:
P(Y > 2X) = ∫∫ f(x,y) dA over the region where Y > 2X
= ∫∫ 24xy dA over the region where Y > 2X
= ∫∫ 24xy dxdy over the region where 0 < y < 2x and x+y < 1
= ∫[0,1/2] ∫[y/2,1-y] 24xy dxdy
= 3/16
Therefore, P(Y > 2X) = 3/16.
(c) The marginal pdf of X is given by:
f(x) = ∫ f(x,y) dy from 0 to 1-x
= ∫ 24xy dy from 0 to 1-x
= 12x(1-x)² for 0 < x < 1
Same result we get in part (a).
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X and Y are not independent.
P(Y > 2X) = 3/16.
Marginal pdf of X = 12x(1-x)² for 0 < x < 1
Briefly explain about what method is used to answer each part of the question?(a) To determine if X and Y are independent, we need to check if the joint pdf can be factored into the product of the marginal pdfs:
f(x,y) = 24xy if 0 < x, 0 < y, x + y < 1, and zero otherwise.
Marginal pdf of X can be calculated by integrating the joint pdf over the all possible values of y:
f(x) = ∫ f(x,y) dy from 0 to 1-x
= ∫ 24xy dy from 0 to 1-x
= 12x(1-x)² for 0 < x < 1
Similarly, the marginal pdf of Y can be found by integrating the joint pdf over all possible values of x:
f(y) = ∫ f(x,y) dx from 0 to 1-y
= ∫ 24xy dx from 0 to 1-y
= 12y(1-y)² for 0 < y < 1
To check for independence, we need to verify if f(x,y) = f(x)f(y) for all x and y. However, if we multiply the marginal pdfs, we get:
f(x)f(y) = 144xy(1-x)²(1-y)² for 0 < x < 1 and 0 < y < 1
This is not the same as the joint pdf, so X and Y are not independent.
(b) To find P(Y > 2X), we need to integrate the joint pdf over the region where Y > 2X:
P(Y > 2X) = ∫∫ f(x,y) dA over the region where Y > 2X
= ∫∫ 24xy dA over the region where Y > 2X
= ∫∫ 24xy dxdy over the region where 0 < y < 2x and x+y < 1
= ∫[0,1/2] ∫[y/2,1-y] 24xy dxdy
= 3/16
Therefore, P(Y > 2X) = 3/16.
(c) The marginal pdf of X is given by:
f(x) = ∫ f(x,y) dy from 0 to 1-x
= ∫ 24xy dy from 0 to 1-x
= 12x(1-x)² for 0 < x < 1
Same result we get in part (a).
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4. Find the curvature of the given curve: r(t)=⟨4(sint−t cost),4(cost+sint),3/2 t^2>
The expression for the curvature, k(t), is quite complex, involving trigonometric functions and t. To obtain a specific numerical value for the curvature, we need to evaluate this expression at a particular value of t.
To find the curvature of the curve r(t) = <4sin(t) - tcos(t), 4cos(t) + sin(t), (3/2)t^2>, we can use the formula for curvature. The curvature of the curve is given by the expression k(t) = ||r'(t) x r''(t)|| / ||r'(t)||^3, where r'(t) and r''(t) are the first and second derivatives of r(t), respectively. By calculating these derivatives and substituting them into the formula, we can determine the curvature.
Let's begin by finding the derivatives of r(t):
r'(t) = <4cos(t) + tsin(t), -4sin(t) + tcos(t), 3t>
r''(t) = <-4sin(t) + (cos(t) - tsin(t)), -4cos(t) - (sin(t) + tcos(t)), 3>
Next, we calculate the cross product of r'(t) and r''(t):
r'(t) x r''(t) = <-12tsin(t), -12tcos(t), 16sin(t) + 4cos(t) + 4t>
To find the magnitudes of r'(t) and r'(t) x r''(t), we use the Euclidean norm:
||r'(t)|| = sqrt((4cos(t) + tsin(t))^2 + (-4sin(t) + tcos(t))^2 + (3t)^2)
||r'(t) x r''(t)|| = sqrt((-12tsin(t))^2 + (-12tcos(t))^2 + (16sin(t) + 4cos(t) + 4t)^2)
Substituting these values into the curvature formula, we get:
k(t) = ||r'(t) x r''(t)|| / ||r'(t)||^3
= sqrt((-12tsin(t))^2 + (-12tcos(t))^2 + (16sin(t) + 4cos(t) + 4t)^2) / [sqrt((4cos(t) + tsin(t))^2 + (-4sin(t) + tcos(t))^2 + (3t)^2)]^3
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a regression analysis was used in a study about perceived happiness and body condition (cond) among seniors, both measures are in the range of 0-100. answer questions based on the given output
In the given study, a regression analysis was conducted to examine the relationship between perceived happiness and body condition among seniors. Both measures, perceived happiness and body condition, are on a scale of 0 to 100.
To answer questions based on the given output, we need to understand the specific information provided in the output. It would be helpful to see the actual output in order to provide a more accurate and detailed response.
Regression analysis is a statistical technique used to explore the relationship between a dependent variable (in this case, perceived happiness) and one or more independent variables (in this case, body condition). The analysis helps determine how changes in the independent variable(s) are associated with changes in the dependent variable.
Some possible questions that can be answered based on the given output might include:
1. What is the strength of the relationship between perceived happiness and body condition among seniors?
2. Is the relationship between perceived happiness and body condition statistically significant?
3. What is the direction of the relationship between perceived happiness and body condition?
4. How much of the variation in perceived happiness can be explained by body condition?
To answer these questions, we would need to examine the specific results from the regression analysis output. The output typically includes information such as the regression coefficients, p-values, R-squared value, and other statistical measures.
Let's consider the first question: "What is the strength of the relationship between perceived happiness and body condition among seniors?"
To determine the strength of the relationship, we would look at the regression coefficient for body condition. A positive coefficient would indicate a positive relationship, meaning that as body condition increases, perceived happiness also tends to increase. A negative coefficient would indicate a negative relationship, meaning that as body condition increases, perceived happiness tends to decrease.
The magnitude of the coefficient indicates the strength of the relationship. A larger coefficient suggests a stronger relationship, while a smaller coefficient suggests a weaker relationship.
In summary, regression analysis was used in the study to examine the relationship between perceived happiness and body condition among seniors. The specific questions that can be answered based on the given output depend on the information provided in the output, such as regression coefficients, p-values, and R-squared value.
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A playground is in the shape of a rectangle. The length of the rectangle is three times its width. The area of the playground is 19,500 square feet. What is the length of the playground? Round to the nearest foot. Hint: use A=LW
The length of the rectangular playground is 241.86 foot.
How to calculate length of the rectangle?Given that area of rectangle is 19,500 sq.ft and length of rectangle is three times its width.The area for rectangle is given by formula: A=LW.
Now according to the given condition, L= 3W. Further we'll solve by putting L= 3W in the formula for rectangle.
Calculation:A=LW
As given A= 19,500 sq.ft and considering L=3W,
19,500 = 3W*W
19,500 = 3W^2
∴ W^2 = 6500
∴ W = \(\sqrt{6500}\)
∴ W = 80.6225 ft. ≈ 80.62 ft.
Now putting the value W = 80.62 in equation L =3W,
L = 3* 80.62
L = 241.86 ft.
The length of the rectangular playground is 241.86 foot.
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How do you solve the system of equations by graphing and then classify the system as consistent or inconsistent 3
x
+
y
=
−
3
and 6
x
−
6
y
=
−
30
?
The system of equations is consistent and has a unique solution at (-4, 1).
To solve the system of equations by graphing, we can plot the lines represented by each equation on a coordinate plane and find their point of intersection.
The given system of equations is:
1) 3x + y = -3
2) 6x - 6y = -30
Let's graph these equations:
For equation 1, 3x + y = -3, we can rewrite it as y = -3x - 3.
For equation 2, 6x - 6y = -30, we can simplify it to x - y = -5, and then y = x + 5.
Now, let's plot these lines on a graph:
The line for equation 1, y = -3x - 3, has a slope of -3 and y-intercept of -3. It will have a negative slope, and we can plot two points on the line: (0, -3) and (-1, 0).
The line for equation 2, y = x + 5, has a slope of 1 and y-intercept of 5. We can plot two points on this line as well: (0, 5) and (-5, 0).
Plotting these lines on a graph, we can see that they intersect at the point (-4, 1).
Now, let's analyze the system:
Since the lines intersect at a single point, the system is consistent. The solution to the system is the coordinates of the point of intersection, which is (-4, 1).
In summary, the system of equations is consistent and has a unique solution of x = -4 and y = 1.
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A. Determine the distance between the ordered pairs given below. Round off your answers to the nearest hundredths.
1. (3, -2) and (7, 1)
2. (10, 13) and (2, 7)
3. (-5, -3) and (-9, -7)
4. (6, -11) and (-7, 2)
5. (-4, -5) and (8, 12)
Answer:
Step-by-step explanation:
find a formula for an for the arithmetic sequence:a1=-1,a5=7
Answer:
\(a_{n}\) = 2n - 3
Step-by-step explanation:
the nth term of an arithmetic sequence is
\(a_{n}\) = a₁ + d(n - 1)
where a₁ is the first term and d the common difference
given a₁ = - 1 and a₅ = 7 , then
a₁ + 4d = 7 , that is
- 1 + 4d = 7 ( add 1 to both sides )
4d = 8 ( divide both sides by 4 )
d = 2
then
\(a_{n}\) = - 1 + 2(n - 1) = - 1 + 2n - 2 = 2n - 3
\(a_{n}\) = 2n - 3
Need help thanks .....
15 points and BRAINLIEST John and his sister each bought a car in 2005. John's car cost $3,000 and is decreasing in value $150 per year. The value () of his sister's car x years after 2005 is given by
the function V(x) = 250x + 4,000. Which statement correctly compares the values of the cars from 2005 until 2017?
Answer:
C
Step-by-step explanation:
Write each fraction as a mixed number.
3 4/9
43/9
32/5
The value of the fractions in the mixed fraction form is 3(⁷/₉), 4(⁷/₉), and 6(²/₅) respectively.
What is a mixed fraction?A mixed fraction is a fraction that is created by fusing a fraction with a whole number. The fraction is defined as the division of the whole part into an equal number of parts.
The given fractions 34/9, 43/9, and 32/5 can be written in the form of the mixed fraction as below:-
To write the fractions in the form of the mixed fraction first divide the fraction by the complete number and put the remainder on the numerator.
34/9 = 3(⁷/₉)
43/9 = 4(⁷/₉)
32/5 = 6(²/₅)
Therefore, the value of the fractions in the mixed fraction form is 3(⁷/₉), 4(⁷/₉), and 6(²/₅) respectively.
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The Saunascape spa sells a "Day of Luxury" package deal. When the spa charges $132 per person, 100 people purchase the package. Kiersten, the manager of operations, estimates that for each $7 reduction in price, an additional 9 people will purchase the package. a. How much should Saunascape charge for the package deal in order to maximize revenue? If necessary, round to 2 decimal places. Package price = b. What is the maximum revenue earned at that package price? If necessary, round to 2 decimal places. Maximized revenue =
To find the optimal package price that maximizes revenue, try different price reductions and calculate the corresponding total revenue until you find the maximum.
To determine the optimal package price that maximizes revenue, we need to find the price at which the additional revenue from selling to more people compensates for the reduction in price. Let's break down the problem into steps:
Step 1: Calculate the initial revenue
The initial price is $132 per person, and 100 people purchase the package. Therefore, the initial revenue is:
Initial revenue = Price per person × Number of people = $132 × 100
Step 2: Determine the relationship between price reduction and additional customers
According to the given information, for each $7 reduction in price, an additional 9 people will purchase the package. This means that for every $7 reduction, the number of customers increases by 9.
Step 3: Calculate the additional revenue from the increased number of customers
Since we know the additional customers and the price reduction, we can calculate the additional revenue generated from selling to these extra customers. The additional revenue is given by:
Additional revenue = Additional customers × Price per person
Step 4: Calculate the total revenue
The total revenue is the sum of the initial revenue and the additional revenue:
Total revenue = Initial revenue + Additional revenue
Step 5: Determine the package price that maximizes revenue
To find the package price that maximizes revenue, we need to analyze the relationship between price and total revenue. We can do this by trying different price reductions and calculating the corresponding total revenue for each scenario. We then select the price that gives us the highest total revenue.
Let's go through the calculations:
Step 1:
Initial revenue = $132 × 100
Step 2:
Price reduction = $7
Additional customers = 9
Step 3:
Additional revenue = Additional customers × Price per person
Step 4:
Total revenue = Initial revenue + Additional revenue
Step 5:
Try different price reductions and calculate the corresponding total revenue:
Price reduction: $0
Additional customers: 0
Additional revenue: $0
Total revenue: Initial revenue + $0
Price reduction: $7
Additional customers: 9
Additional revenue: Additional customers × Price per person
Total revenue: Initial revenue + Additional revenue
Price reduction: $14
Additional customers: 18
Additional revenue: Additional customers × Price per person
Total revenue: Initial revenue + Additional revenue
Continue trying different price reductions and calculating the corresponding total revenue until you find the price reduction that maximizes revenue.
Once you find the price reduction that maximizes revenue, you can calculate the corresponding package price and the maximum revenue earned.
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Mary buys x apples and some oranges. She buys two more oranges than apple.
Write down, in terms of x, an expression for the number of oranges that she buys.
Each apple costs 30 and each orange costs 40¢. Find as simplify as possible in terms of x, an expres-
sion for the total cost of the fruits that Mary buys.
Answer:
x+2
0.70x + 0.80
Step-by-step explanation:
x=number of apples
x+2=number of oranges ==> the number of oranges is 2 more than the
number of apples
1¢=1/100 dollars
30*1¢=30*1/100
30¢=30/100
30¢=0.30 ==> cost per apple
40¢=0.40 ==> cost per orange
0.30x + 0.40(x+2)=
0.30x + 0.40x + 0.40*2= ==> distribute 0.40 to x and 2
0.70x + 0.80 ==> simplify
Which graph best represents the function y = - 1/2 (x +4)?
Answer:
y=-1/2x-2
Step-by-step explanation:
simplify the expression to get the equation in slope intercept form, and find the graph that fits it
carmen is prepping for a party. she wants to serve 72 apple slices. if each apple can slice up to 6 slices per apple, what is the minimum number of apples she will have to buy?
Answer:
12
Step-by-step explanation:
72/6=12