Finite Mathematics and Applied Calculus (MindTap Course List)
Finite Mathematics and Applied Calculus (MindTap Course List)
7th Edition
ISBN: 9781337274203
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Concept explainers

Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as p…
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Chapter 15.1, Problem 98E

(a)

To determine

To calculate: The formulas in a and K using the data for each of the two year and the Cobb-Douglas formula If two year ago, my piano manufacture plant employed 1000 employees, had an operating budget of $1 million, turned out 100 pianos. Last year, I slashed the operating budget 1000 employees to $100,000 and production dropped to 10 pianos.

(b)

To determine

To calculate: The equations in a and logK If two year ago, my piano manufacture plant employed 1000 employees, had an operating budget of $1 million, turned out 100 pianos. Last year, I slashed the operating budget 1000 employees to $100,000 and production dropped to 10 pianos.

(c)

To determine

To calculate: The solution for a and K using equations logK−a=−3 and logK−2a=−4. If two year ago, my piano manufacture plant employed 1000 employees, had an operating budget of $1 million, turned out 100 pianos. Last year, I slashed the operating budget 1000 employees to $100,000 and production dropped to 10 pianos.

(d)

To determine

To calculate: The number of pianos using the Cobb-Douglas formula if increase the operating budget back to $1 million but lay off half the workforce. If two year ago, my piano manufacture plant employed 1000 employees, had an operating budget of $1 million, turned out 100 pianos. Last year, I slashed the operating budget 1000 employees to $100,000 and production dropped to 10 pianos.

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Chapter 15.1, Problem 97E
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Chapter 15.1, Problem 99E

Chapter 15 Solutions

Finite Mathematics and Applied Calculus (MindTap Course List)

Ch. 15.1 - For each function in Exercises 14, evaluate (a)...Ch. 15.1 - Prob. 2ECh. 15.1 - Prob. 3ECh. 15.1 - Prob. 4ECh. 15.1 - Prob. 5ECh. 15.1 - Prob. 6ECh. 15.1 - Prob. 7ECh. 15.1 - Prob. 8ECh. 15.1 - Prob. 9ECh. 15.1 - Prob. 10E
Ch. 15.1 - Prob. 11ECh. 15.1 - Prob. 12ECh. 15.1 - Prob. 13ECh. 15.1 - Prob. 14ECh. 15.1 - Prob. 15ECh. 15.1 - Prob. 16ECh. 15.1 - Prob. 17ECh. 15.1 - Prob. 18ECh. 15.1 - Prob. 19ECh. 15.1 - Prob. 20ECh. 15.1 - Prob. 21ECh. 15.1 - Prob. 22ECh. 15.1 - The following statistical table lists some values...Ch. 15.1 - Prob. 24ECh. 15.1 - Prob. 25ECh. 15.1 - Prob. 26ECh. 15.1 - Prob. 27ECh. 15.1 - Prob. 28ECh. 15.1 - Prob. 29ECh. 15.1 - Prob. 30ECh. 15.1 - Prob. 31ECh. 15.1 - Prob. 32ECh. 15.1 - Prob. 33ECh. 15.1 - Prob. 34ECh. 15.1 - Prob. 35ECh. 15.1 - Prob. 36ECh. 15.1 - Prob. 37ECh. 15.1 - Prob. 38ECh. 15.1 - Prob. 39ECh. 15.1 - Prob. 40ECh. 15.1 - Prob. 41ECh. 15.1 - Prob. 42ECh. 15.1 - Prob. 43ECh. 15.1 - Prob. 44ECh. 15.1 - Prob. 45ECh. 15.1 - Prob. 46ECh. 15.1 - Prob. 47ECh. 15.1 - Prob. 48ECh. 15.1 - Prob. 49ECh. 15.1 - Prob. 50ECh. 15.1 - Prob. 51ECh. 15.1 - Prob. 52ECh. 15.1 - Prob. 53ECh. 15.1 - Prob. 54ECh. 15.1 - Exercises 55-58 refer to the following plot of...Ch. 15.1 - Prob. 56ECh. 15.1 - Prob. 57ECh. 15.1 - Exercises 55-58 refer to the following plot of...Ch. 15.1 - Prob. 59ECh. 15.1 - Prob. 60ECh. 15.1 - Prob. 61ECh. 15.1 - Prob. 62ECh. 15.1 - Prob. 63ECh. 15.1 - Prob. 64ECh. 15.1 - Prob. 65ECh. 15.1 - Prob. 66ECh. 15.1 - Prob. 67ECh. 15.1 - Prob. 68ECh. 15.1 - Prob. 69ECh. 15.1 - Prob. 70ECh. 15.1 - Prob. 71ECh. 15.1 - Prob. 72ECh. 15.1 - Prob. 73ECh. 15.1 - Prob. 74ECh. 15.1 - Prob. 75ECh. 15.1 - Prob. 76ECh. 15.1 - Prob. 77ECh. 15.1 - Prob. 78ECh. 15.1 - Prob. 79ECh. 15.1 - Scientific Research The number z of research...Ch. 15.1 - Prob. 81ECh. 15.1 - Prob. 82ECh. 15.1 - Prob. 83ECh. 15.1 - Prob. 84ECh. 15.1 - Prob. 85ECh. 15.1 - Prob. 86ECh. 15.1 - Prob. 87ECh. 15.1 - Prob. 88ECh. 15.1 - Prob. 89ECh. 15.1 - Prob. 90ECh. 15.1 - Prob. 91ECh. 15.1 - Housing Costs10? The cost C (in dollars) of...Ch. 15.1 - Prob. 93ECh. 15.1 - Prob. 94ECh. 15.1 - Prob. 95ECh. 15.1 - Prob. 96ECh. 15.1 - Prob. 97ECh. 15.1 - Prob. 98ECh. 15.1 - Prob. 99ECh. 15.1 - Prob. 100ECh. 15.1 - Prob. 102ECh. 15.1 - Prob. 103ECh. 15.1 - Prob. 104ECh. 15.1 - Prob. 105ECh. 15.1 - Prob. 106ECh. 15.1 - Prob. 107ECh. 15.1 - Prob. 108ECh. 15.1 - Prob. 109ECh. 15.1 - Prob. 110ECh. 15.1 - Prob. 111ECh. 15.1 - Prob. 112ECh. 15.1 - Prob. 113ECh. 15.1 - Prob. 114ECh. 15.1 - Prob. 115ECh. 15.1 - Prob. 116ECh. 15.1 - Prob. 117ECh. 15.1 - Prob. 118ECh. 15.1 - Prob. 119ECh. 15.1 - Prob. 120ECh. 15.1 - Prob. 121ECh. 15.1 - Prob. 122ECh. 15.1 - Prob. 123ECh. 15.1 - Prob. 124ECh. 15.2 - Prob. 1ECh. 15.2 - Prob. 2ECh. 15.2 - Prob. 3ECh. 15.2 - Prob. 4ECh. 15.2 - In Exercises 1-18, calculate fx,fy,fx|(1,1), and...Ch. 15.2 - Prob. 6ECh. 15.2 - Prob. 7ECh. 15.2 - Prob. 8ECh. 15.2 - Prob. 9ECh. 15.2 - Prob. 10ECh. 15.2 - Prob. 11ECh. 15.2 - Prob. 12ECh. 15.2 - Prob. 13ECh. 15.2 - Prob. 14ECh. 15.2 - Prob. 15ECh. 15.2 - Prob. 16ECh. 15.2 - Prob. 17ECh. 15.2 - Prob. 18ECh. 15.2 - Prob. 19ECh. 15.2 - Prob. 20ECh. 15.2 - Prob. 21ECh. 15.2 - Prob. 22ECh. 15.2 - Prob. 23ECh. 15.2 - Prob. 24ECh. 15.2 - Prob. 25ECh. 15.2 - Prob. 26ECh. 15.2 - Prob. 27ECh. 15.2 - Prob. 28ECh. 15.2 - Prob. 29ECh. 15.2 - Prob. 30ECh. 15.2 - Prob. 31ECh. 15.2 - Prob. 32ECh. 15.2 - Prob. 33ECh. 15.2 - Prob. 34ECh. 15.2 - Prob. 35ECh. 15.2 - Prob. 36ECh. 15.2 - Prob. 37ECh. 15.2 - Prob. 38ECh. 15.2 - Prob. 39ECh. 15.2 - Prob. 40ECh. 15.2 - Prob. 41ECh. 15.2 - Prob. 42ECh. 15.2 - Prob. 43ECh. 15.2 - Prob. 44ECh. 15.2 - Prob. 45ECh. 15.2 - Marginal Cost (Interaction Model) Your weekly cost...Ch. 15.2 - Prob. 47ECh. 15.2 - Prob. 48ECh. 15.2 - Marginal Cost Your weekly cost (in dollars) to...Ch. 15.2 - Marginal Cost Your weekly cost (in dollars) 10...Ch. 15.2 - Prob. 51ECh. 15.2 - Prob. 52ECh. 15.2 - Prob. 53ECh. 15.2 - Prob. 54ECh. 15.2 - Prob. 55ECh. 15.2 - Prob. 56ECh. 15.2 - Prob. 57ECh. 15.2 - Prob. 58ECh. 15.2 - Prob. 59ECh. 15.2 - Prob. 60ECh. 15.2 - Prob. 61ECh. 15.2 - Prob. 62ECh. 15.2 - Prob. 63ECh. 15.2 - Investments Repeat Exercise 63, using the formula...Ch. 15.2 - Prob. 65ECh. 15.2 - Prob. 66ECh. 15.2 - Prob. 67ECh. 15.2 - Prob. 68ECh. 15.2 - Prob. 69ECh. 15.2 - Prob. 70ECh. 15.2 - Prob. 71ECh. 15.2 - Prob. 72ECh. 15.2 - Prob. 73ECh. 15.2 - Prob. 74ECh. 15.2 - Prob. 75ECh. 15.2 - Prob. 76ECh. 15.3 - In Exercises 1-4, classify each labeled point on...Ch. 15.3 - Prob. 2ECh. 15.3 - Prob. 3ECh. 15.3 - Prob. 4ECh. 15.3 - Prob. 5ECh. 15.3 - Prob. 6ECh. 15.3 - Prob. 7ECh. 15.3 - Prob. 8ECh. 15.3 - Prob. 9ECh. 15.3 - Prob. 10ECh. 15.3 - Prob. 11ECh. 15.3 - Prob. 12ECh. 15.3 - Prob. 13ECh. 15.3 - Prob. 14ECh. 15.3 - Prob. 15ECh. 15.3 - Prob. 16ECh. 15.3 - Prob. 17ECh. 15.3 - Prob. 18ECh. 15.3 - Prob. 19ECh. 15.3 - Prob. 20ECh. 15.3 - Prob. 21ECh. 15.3 - Prob. 22ECh. 15.3 - Prob. 23ECh. 15.3 - Prob. 24ECh. 15.3 - Prob. 25ECh. 15.3 - Prob. 26ECh. 15.3 - Prob. 27ECh. 15.3 - In Exercises 11-36, locate and classify all the...Ch. 15.3 - Prob. 29ECh. 15.3 - Prob. 30ECh. 15.3 - Prob. 31ECh. 15.3 - Prob. 32ECh. 15.3 - Prob. 33ECh. 15.3 - Prob. 34ECh. 15.3 - Prob. 35ECh. 15.3 - Prob. 36ECh. 15.3 - Prob. 37ECh. 15.3 - Prob. 38ECh. 15.3 - Prob. 39ECh. 15.3 - Prob. 40ECh. 15.3 - Prob. 41ECh. 15.3 - Prob. 42ECh. 15.3 - Pollution Control The cost of controlling...Ch. 15.3 - Prob. 44ECh. 15.3 - Revenue Your company manufactures two models of...Ch. 15.3 - Revenue Repeat Exercise 45, using the following...Ch. 15.3 - Prob. 47ECh. 15.3 - Prob. 48ECh. 15.3 - Prob. 49ECh. 15.3 - Package Dimensions: UPS United Parcel Service...Ch. 15.3 - Prob. 51ECh. 15.3 - Prob. 52ECh. 15.3 - Prob. 53ECh. 15.3 - Prob. 54ECh. 15.3 - Prob. 55ECh. 15.3 - Prob. 56ECh. 15.3 - Prob. 57ECh. 15.3 - Prob. 58ECh. 15.3 - Prob. 59ECh. 15.3 - Prob. 60ECh. 15.3 - Prob. 61ECh. 15.3 - Prob. 62ECh. 15.4 - Prob. 1ECh. 15.4 - Prob. 2ECh. 15.4 - Prob. 3ECh. 15.4 - Prob. 4ECh. 15.4 - Prob. 5ECh. 15.4 - Prob. 6ECh. 15.4 - Prob. 7ECh. 15.4 - Prob. 8ECh. 15.4 - Prob. 9ECh. 15.4 - Prob. 10ECh. 15.4 - Prob. 11ECh. 15.4 - Prob. 12ECh. 15.4 - Prob. 13ECh. 15.4 - Prob. 14ECh. 15.4 - Prob. 15ECh. 15.4 - Prob. 16ECh. 15.4 - Prob. 17ECh. 15.4 - Prob. 18ECh. 15.4 - Prob. 19ECh. 15.4 - Consider the following constrained optimization...Ch. 15.4 - Prob. 21ECh. 15.4 - Prob. 22ECh. 15.4 - Prob. 23ECh. 15.4 - Prob. 24ECh. 15.4 - Geometry At what points on the sphere x2+y2+z2=1...Ch. 15.4 - Prob. 26ECh. 15.4 - Prob. 27ECh. 15.4 - Prob. 28ECh. 15.4 - Prob. 29ECh. 15.4 - Prob. 30ECh. 15.4 - Prob. 31ECh. 15.4 - Prob. 32ECh. 15.4 - Package Dimensions: USPS The U.S. Postal Service...Ch. 15.4 - Prob. 34ECh. 15.4 - Prob. 35ECh. 15.4 - Prob. 36ECh. 15.4 - Prob. 37ECh. 15.4 - Prob. 38ECh. 15.4 - Productivity The Gym Shirt Company manufactures...Ch. 15.4 - Prob. 40ECh. 15.4 - Prob. 41ECh. 15.4 - Prob. 42ECh. 15.4 - Prob. 43ECh. 15.4 - Prob. 44ECh. 15.4 - Prob. 45ECh. 15.4 - Prob. 46ECh. 15.4 - Prob. 47ECh. 15.4 - Prob. 48ECh. 15.4 - Prob. 49ECh. 15.4 - Prob. 50ECh. 15.5 - Prob. 1ECh. 15.5 - Prob. 2ECh. 15.5 - Prob. 3ECh. 15.5 - Prob. 4ECh. 15.5 - Prob. 5ECh. 15.5 - Prob. 6ECh. 15.5 - Prob. 7ECh. 15.5 - Prob. 8ECh. 15.5 - Prob. 9ECh. 15.5 - Prob. 10ECh. 15.5 - Prob. 11ECh. 15.5 - Prob. 12ECh. 15.5 - Prob. 13ECh. 15.5 - Prob. 14ECh. 15.5 - Prob. 15ECh. 15.5 - Prob. 16ECh. 15.5 - Prob. 17ECh. 15.5 - Prob. 18ECh. 15.5 - Prob. 19ECh. 15.5 - Prob. 20ECh. 15.5 - Prob. 21ECh. 15.5 - Prob. 22ECh. 15.5 - Prob. 23ECh. 15.5 - Prob. 24ECh. 15.5 - Prob. 25ECh. 15.5 - Prob. 26ECh. 15.5 - Prob. 27ECh. 15.5 - Prob. 28ECh. 15.5 - Prob. 29ECh. 15.5 - Prob. 30ECh. 15.5 - Prob. 31ECh. 15.5 - Prob. 32ECh. 15.5 - Prob. 33ECh. 15.5 - Prob. 34ECh. 15.5 - Prob. 35ECh. 15.5 - Prob. 36ECh. 15.5 - Prob. 37ECh. 15.5 - Prob. 38ECh. 15.5 - Prob. 39ECh. 15.5 - Prob. 40ECh. 15.5 - Prob. 41ECh. 15.5 - Prob. 42ECh. 15.5 - Prob. 43ECh. 15.5 - Prob. 44ECh. 15.5 - Prob. 45ECh. 15.5 - Prob. 46ECh. 15.5 - Prob. 47ECh. 15.5 - Prob. 48ECh. 15.5 - Temperature The temperature at the point (x,y) on...Ch. 15.5 - Prob. 50ECh. 15.5 - Prob. 51ECh. 15.5 - Prob. 52ECh. 15.5 - Prob. 53ECh. 15.5 - Prob. 54ECh. 15.5 - Prob. 55ECh. 15.5 - Prob. 56ECh. 15.5 - Prob. 57ECh. 15.5 - Prob. 58ECh. 15 - Prob. 1RECh. 15 - Prob. 2RECh. 15 - Prob. 3RECh. 15 - Prob. 4RECh. 15 - Prob. 5RECh. 15 - Prob. 6RECh. 15 - Prob. 7RECh. 15 - Prob. 8RECh. 15 - Prob. 9RECh. 15 - Prob. 10RECh. 15 - Prob. 11RECh. 15 - Prob. 12RECh. 15 - Prob. 13RECh. 15 - Prob. 14RECh. 15 - Prob. 15RECh. 15 - Prob. 16RECh. 15 - Prob. 17RECh. 15 - Prob. 18RECh. 15 - Prob. 19RECh. 15 - Prob. 20RECh. 15 - Prob. 21RECh. 15 - Prob. 22RECh. 15 - Prob. 23RECh. 15 - Prob. 24RECh. 15 - Prob. 25RECh. 15 - Prob. 26RECh. 15 - Prob. 27RECh. 15 - Prob. 28RECh. 15 - Prob. 29RECh. 15 - Prob. 30RECh. 15 - Prob. 31RECh. 15 - Prob. 32RECh. 15 - Prob. 33RECh. 15 - In Exercises 31-34, use Lagrange multipliers to...Ch. 15 - Prob. 35RECh. 15 - Prob. 36RECh. 15 - Prob. 37RECh. 15 - Prob. 38RECh. 15 - Prob. 39RECh. 15 - Prob. 40RECh. 15 - Prob. 41RECh. 15 - Prob. 42RECh. 15 - Prob. 43RECh. 15 - Prob. 44RECh. 15 - Prob. 45RECh. 15 - Prob. 46RECh. 15 - Prob. 47RECh. 15 - Prob. 48RECh. 15 - Prob. 49RECh. 15 - Prob. 50RE
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