Answered: A professor in a university is trying…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...

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Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one could purchase all three cars for a total of $140,000. This year, due to inflation, the same cars would cost $151,830. The cost of the BMW increased by 8%, the Jeep by 5%, and the Toyota by 12%. If the price of last year's Jeep was $7,000 less than the price of last year's BMW, what was the price of each of the three cars last year?
The weekly news magazine has a big story naming the Person of the Year and the editor wants the magazine to be printed as soon as possible. She has asked the printer to run an extra printing press to get the printing done more quickly, Press #1 takes 6 hours more than Press #2 to do the job and when both presses are running they can print the job in 4 hours. How long does it take for each press to print the job alone?
Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.

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A professor in a university is trying to conduct a research study. His study is trying to determine if his 8 am lecture is more interactive with him than his 2 pm lecture. What is the confound? How could this confound be fixed?