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Break-Even Analysis

Break-Even Analysis: A Look at Profit and Loss: As an entrepreneur, there are going to be many decisions that you need to make, such as the price to charge your customers for your goods and services. You have just graduated from college and recently opened a specialty pizza restaurant. Based on surveys conducted in your area, you determine that it is feasible to sell your specialty pizzas for $15.

Statistics HW

I have a statistic hw that is due in 12 hours.

HW requires mini tab access.

 

 

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math questions

  1. What is the formula for the CI For samples sizes ≥ 100?

 

 2. How do we locate the Z score (on the Z table) for 95% CI?

 

 3. Mean = 12.4 times  S = 3.2 times    N = 120

 Construct a 95% CI around our estimate of the mean drawn from this sample.

 

 4. By lowering our level of confidence, we would gain some precision in our estimate.  True or False?

 

 

According to a recent report, 0.39 is the probability that a 25-34 year old has a college degree

According to a recent report, 0.39 is the probability that a 25-34 year old has a college degree. Six 25-34 year old Americans are randomly selected. (Report answers rounded to four decimal places. Show work.)

(a) What is the probability that exactly three of the six people selected have a college degree? Show work.

(b) What is the probability that all six people selected have a college degree? Show some work/explanation.

(c) What is the probability that none of the six people selected have a college degree? Show some work/explanation.

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