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- Your friend - an artist - has asked you to help her determine how many paintings sized 50x150cm she should paint for sale. She's deciding between one, two, three, or four paintings. Your friend sells the paintings for 300 monetary units each. She spends 8 hours on each painting (1 hour of work = 15 monetary units). Additionally, each painting incurs an extra cost of 40 monetary units (for canvas, backing, paints, brushes, sprays). Based on past data, you estimate that with a probability of 0.2, there will be no potential buyers; with a probability of 0.2, there will be one potential buyer; with a probability of 0.2, there will be two potential buyers; with a probability of 0.3, there will be three potential buyers; with a probability of 0.1, there will be four potential buyers. Assume that if there are fewer paintings produced than potential buyers, some (randomly selected) potential buyers will remain without a painting; otherwise, all potential buyers will purchase exactly one…Jack is a discus thrower and hopes to make it to the Olympics some day. He has researched the distance (in meters) of each men's gold medal discus throw from the Olympics from 1920 to 1964. Below is the equation of the line of best fit Jack found. y=0.34x+44.63y=0.34x+44.63 When calculating his line of best fit, Jack let x represent the number of years since 1920 (so x=0 represents 1920 and x=4 represents 1924). Using the line of best fit, estimate the distance Jack should be able to throw in order to be able to win the 2020 Olympics.2. Give an example of the time inconsistency problem applied to the relationship of a married couple.
- This is how I interpret the question units of slope: distance/time?asapGiven the regression equationY = -50 + 12Xa. What is the change in Y when X changes by +3?b. What is the change in Y when X changes by -4?c. What is the predicted value of Y when X = 12?d. What is the predicted value of Y when X = 23?e. Does this equation prove that a change in X causes a change in Y?Please answer the following 2 part question with steps
- U.S. Population The projected population of theUnited States for selected years from 2000 to 2060 isshown in the table below, with the population givenin millions.a. According to this table, what should the U.S. population have been in 2010?b. Create a new table with x representing the numberof years after 2000 and y representing the numberof millions.c. Use a graphing utility to graph the data from thenew table as a scatter plot.Q3 Please solve with hand by calculation using formulas (not in excel)is this the complete answer graphical, algebraically, numerically.
- The circulation C of a certain magazine as a function of time t is given by the formula c=5.2/0.1+0.3t Here C is measured in thousands and t is measured in years since the beginning of 2006 when the magazine was started. Find when the circulation of the magazines will reach 34.83 thousand. Write the equation you are solving.This is how I interpret the question units of slope: distance/timeGiven the regression equationY = 43 + 10Xa. What is the change in Y when X changes by +8?b. What is the change in Y when X changes by -6?c. What is the predicted value of Y when X = 11? d. What is the predicted value of Y when X = 29? e. Does this equation prove that a change in X causes a change in Y?