Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Question
Chapter 2.6, Problem 23E
To determine
The amount of each commodity to be produced for the provided data.
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The total revenue for Costco Wholesale Corporation is given here.
Total Revenue
Year
(billions of $)
2012
99.10
2013
105.16
2014
112.64
2015
116.20
2016
118.72
(a) What variables are appropriate?
O C (total cost for Costco Wholesale Corp. in billions of $) and P (total
profit for Costco Wholesale Corp. in billions of $)
ot (years since 2010) and R (total revenue for Costco Wholesale Corp. in
billions of $)
Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in
billions of $)
Ot (years since 2010) and C (total cost for Costco Wholesale Corp. in
billions of $)
OR (total revenue for Costco Wholesale Corp. in billions of $) and C (total
cost for Costco Wholesale Corp. in billions of $)
(b) Find an equation for a model of these data. (Use the first and last values in
the table to calculate your equation. Round the slope to two decimal places
and the vertical intercept to one decimal place.)
---Select---
(c) What is the slope of this model? Explain its meaning in this…
The owner of a restaurant in Bloomington, Indianna, has recorded sales data for the past 10 years. He has also recorded data on potentially relevant variables. The following table gives data on sales and other potentially relevant variables for that particular restaurant.
Sales (thousands of dollars)
Year
Population
Advertising (thousands of dollars)
Previous advertising (thousands of dollars)
$15713
1
102558
$20
$30
$12937
2
101792
$15
$20
$12872
3
104347
$25
$15
$16227
4
106180
$30
$25
$15388
5
106562
$15
$30
$13180
6
105209
$25
$15
$17199
7
109185
$35
$25
$20674
8
109976
$40
$35
$20350
9
110659
$20
$40
$14444
10
111844
$25
$20
Consider the model: salest = 0 + 1t + 2popt + 3advt + 4advt-1 + t
where salest = sales in year t,
popt = size of the population residing within 10 kilometres of the restaurant,
advt =…
Smoking habits of UK residents: A survey was conducted to study the smoking habits of UK residents. Below is a data matrix displaying a portion of the data collected in this survey. Note that "£" stands for British Pounds Sterling, "cig" stands for cigarettes, and "N/A" refers to a missing component of the data.
sex
age
marital
grossIncome
smoke
amtWeekends
amtWeekdays
1
Female
42
Single
Under £2600
Yes
12 cig/day
12 cig/day
2
Male
44
Single
£10,400 to £15,600
No
N/A
N/A
3
Male
53
Married
Above £36,400
Yes
6 cig/day
6 cig/day
∶
∶
∶
∶
∶
∶
∶
∶
1474
Male
40
Single
£2600 to £5,200
Yes
8 cig/day
8 cig/day
a) What does each row of the data matrix represent?
b) How many participants were included in the survey?
c) Identify each variable, determine whether each variable is numerical or categorical. If the variable is numerical, specify continuous or discrete. If the variable is categorical, specify whether the variable is ordinal or not.
Chapter 2 Solutions
Finite Mathematics (11th Edition)
Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 -
Use the echelon method to solve each system of...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 -
Use the echelon method to solve each system of...Ch. 2.1 - Prob. 9ECh. 2.1 - Prob. 10E
Ch. 2.1 -
Use the echelon method to solve each system of...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 15ECh. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 17ECh. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 20ECh. 2.1 - An inconsistent system...Ch. 2.1 - Prob. 22ECh. 2.1 - Describe what a parameter is arid why it is used...Ch. 2.1 - In your own words, describe the echelon method as...Ch. 2.1 - Prob. 25ECh. 2.1 - Solve each system of equations. Let z be the...Ch. 2.1 - Solve each system of equations. Let z be the...Ch. 2.1 - Prob. 28ECh. 2.1 - Prob. 29ECh. 2.1 - For each of the following systems of equations in...Ch. 2.1 -
For each of the following systems of equations in...Ch. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 -
Groceries If 20 lb of rice and 10 lb of potatoes...Ch. 2.1 -
36. Downloads Blake Allvine spent $35.97...Ch. 2.1 - Prob. 37ECh. 2.1 -
38. Sales An apparel shop sells skirts for $45...Ch. 2.1 - Prob. 39ECh. 2.1 -
40. Stock Lorri Morgan has $16,000 invested in...Ch. 2.1 - Banking A bank teller has a total of 70 bills in...Ch. 2.1 - Rug Cleaning Machines Kelly Karpet Kleaners sells...Ch. 2.1 - Prob. 43ECh. 2.1 - Prob. 44ECh. 2.1 - Prob. 45ECh. 2.1 - Prob. 46ECh. 2.1 - Prob. 47ECh. 2.1 -
48. Flight Time A flight leaves New York at 8...Ch. 2.1 -
49. The 24® Game The object of the 24 Game,...Ch. 2.2 -
Write the augmented matrix fur each system. Do...Ch. 2.2 -
Write the augmented matrix for each system. Do...Ch. 2.2 - Prob. 3ECh. 2.2 - Prob. 4ECh. 2.2 - Prob. 5ECh. 2.2 - Prob. 6ECh. 2.2 -
Write the system of equations associated with...Ch. 2.2 - Prob. 8ECh. 2.2 - Prob. 9ECh. 2.2 - Prob. 10ECh. 2.2 - Prob. 11ECh. 2.2 - Use the indicated row operations to change each...Ch. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - Prob. 15ECh. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - Prob. 20ECh. 2.2 - Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.2 - Prob. 25ECh. 2.2 - Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Prob. 27ECh. 2.2 -
Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Prob. 29ECh. 2.2 - Prob. 30ECh. 2.2 - Prob. 31ECh. 2.2 - Prob. 32ECh. 2.2 - Prob. 33ECh. 2.2 - Prob. 34ECh. 2.2 - Prob. 35ECh. 2.2 - Prob. 36ECh. 2.2 - Prob. 37ECh. 2.2 - Prob. 38ECh. 2.2 - Prob. 39ECh. 2.2 - Prob. 40ECh. 2.2 - Prob. 41ECh. 2.2 - Prob. 42ECh. 2.2 -
43. On National Public Radio, the "Weekend...Ch. 2.2 - Prob. 44ECh. 2.2 - Investments Katherine Chong invests $10,000...Ch. 2.2 -
46. Office Technology Pyro-Tech, Inc. is...Ch. 2.2 - Prob. 47ECh. 2.2 - Prob. 48ECh. 2.2 - Loans To get the necessary funds for a planned...Ch. 2.2 - Manufacturing Nadir, Inc. produces three models of...Ch. 2.2 -
51. Deliveries An electronics company produces...Ch. 2.2 - Tents L.L. Bean makes three sizes of Ultra Dome...Ch. 2.2 - Transportation A manufacturer purchases a part for...Ch. 2.2 - APPLY IT Transportation An auto manufacturer sends...Ch. 2.2 - Prob. 55ECh. 2.2 -
56. Packaging A company produces four...Ch. 2.2 - Prob. 57ECh. 2.2 - Animal Breeding An animal breeder can buy four...Ch. 2.2 - Prob. 59ECh. 2.2 - Prob. 60ECh. 2.2 - Prob. 61ECh. 2.2 - Prob. 62ECh. 2.2 - Prob. 63ECh. 2.2 - Prob. 64ECh. 2.2 -
65. Modeling War One of the factors that...Ch. 2.2 - Prob. 66ECh. 2.2 -
67. Baseball Ichiro Suzuki holds the American...Ch. 2.2 - Prob. 68ECh. 2.2 -
69. Toys One hundred toys are to be given out to...Ch. 2.2 - Prob. 70ECh. 2.2 - Prob. 71ECh. 2.2 - Prob. 72ECh. 2.2 - Prob. 73ECh. 2.3 - Prob. 1ECh. 2.3 - Prob. 2ECh. 2.3 - Prob. 3ECh. 2.3 - Prob. 4ECh. 2.3 - Decide whether each statement is true or false. If...Ch. 2.3 - Prob. 6ECh. 2.3 - Prob. 7ECh. 2.3 - Prob. 8ECh. 2.3 - Prob. 9ECh. 2.3 - Prob. 10ECh. 2.3 - Prob. 11ECh. 2.3 - Prob. 12ECh. 2.3 - Prob. 13ECh. 2.3 - Prob. 14ECh. 2.3 - Prob. 15ECh. 2.3 - Prob. 16ECh. 2.3 - Prob. 17ECh. 2.3 - Prob. 18ECh. 2.3 - Prob. 19ECh. 2.3 - Prob. 20ECh. 2.3 - Prob. 21ECh. 2.3 - Prob. 22ECh. 2.3 - Prob. 23ECh. 2.3 - Prob. 24ECh. 2.3 - Prob. 25ECh. 2.3 - Prob. 26ECh. 2.3 - Prob. 27ECh. 2.3 - Prob. 28ECh. 2.3 - Prob. 29ECh. 2.3 - Prob. 30ECh. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - For matrices X=[ xyzw] and 0=[ 0000], find the...Ch. 2.3 - Prob. 34ECh. 2.3 - Prob. 35ECh. 2.3 - Prob. 36ECh. 2.3 - Prob. 37ECh. 2.3 - Prob. 38ECh. 2.3 - Prob. 39ECh. 2.3 - Prob. 40ECh. 2.3 - Prob. 41ECh. 2.3 -
42. Trading Partners The table below gives, the...Ch. 2.3 - Prob. 43ECh. 2.3 - Prob. 44ECh. 2.3 - Testing Medication A drug company is testing 200...Ch. 2.3 - Prob. 46ECh. 2.3 - Prob. 47ECh. 2.3 - Prob. 48ECh. 2.3 - Prob. 49ECh. 2.3 - Prob. 50ECh. 2.4 - Let A=[ -2-403] and B=[ -6240]. Find each value....Ch. 2.4 - Prob. 2ECh. 2.4 - Prob. 3ECh. 2.4 - Prob. 4ECh. 2.4 - Prob. 5ECh. 2.4 -
Let and Find each value.
6. 7B– 3A
Ch. 2.4 - Prob. 7ECh. 2.4 - Prob. 8ECh. 2.4 - Prob. 9ECh. 2.4 - Prob. 10ECh. 2.4 - Prob. 11ECh. 2.4 - Prob. 12ECh. 2.4 - To find the product matrix AB, the number of...Ch. 2.4 - Prob. 14ECh. 2.4 - Prob. 15ECh. 2.4 - Prob. 16ECh. 2.4 - Prob. 17ECh. 2.4 - Prob. 18ECh. 2.4 -
Find each matrix product, if possible.
19.
Ch. 2.4 - Find each matrix product, if possible. [...Ch. 2.4 - Prob. 21ECh. 2.4 - Prob. 22ECh. 2.4 - Prob. 23ECh. 2.4 - Prob. 24ECh. 2.4 - Prob. 25ECh. 2.4 - Prob. 26ECh. 2.4 - Prob. 27ECh. 2.4 - Prob. 28ECh. 2.4 - Prob. 29ECh. 2.4 - Prob. 30ECh. 2.4 - Prob. 31ECh. 2.4 - Prob. 32ECh. 2.4 - Prob. 33ECh. 2.4 - Prob. 34ECh. 2.4 - Prob. 35ECh. 2.4 - Prob. 36ECh. 2.4 -
Given matrices
verify that the statements in...Ch. 2.4 - Prob. 38ECh. 2.4 - Prob. 39ECh. 2.4 - Prob. 40ECh. 2.4 - Prob. 41ECh. 2.4 - Prob. 42ECh. 2.4 - Use a computer or graphing calculator arid the...Ch. 2.4 - Prob. 44ECh. 2.4 - Prob. 45ECh. 2.4 - Prob. 46ECh. 2.4 - Prob. 47ECh. 2.4 - Prob. 48ECh. 2.4 - Prob. 49ECh. 2.4 - Prob. 50ECh. 2.4 - Prob. 51ECh. 2.4 - Prob. 52ECh. 2.4 - Prob. 53ECh. 2.4 - Prob. 54ECh. 2.4 - Prob. 55ECh. 2.4 - 56. Northern Spotted Owl Population In an attempt...Ch. 2.4 -
57. World Population The 2010 birth and death...Ch. 2.5 - Prob. 1ECh. 2.5 -
Decide whether the given matrices are inverses...Ch. 2.5 - Prob. 3ECh. 2.5 - Decide whether the given matrices are inverses of...Ch. 2.5 - Decide whether the given matrices are inverses of...Ch. 2.5 - Prob. 6ECh. 2.5 - Prob. 7ECh. 2.5 - Prob. 8ECh. 2.5 - Prob. 9ECh. 2.5 - Prob. 10ECh. 2.5 - Prob. 11ECh. 2.5 - Prob. 12ECh. 2.5 - Prob. 13ECh. 2.5 - Prob. 14ECh. 2.5 - Prob. 15ECh. 2.5 - Prob. 16ECh. 2.5 - Prob. 17ECh. 2.5 - Prob. 18ECh. 2.5 - Prob. 19ECh. 2.5 - Prob. 20ECh. 2.5 - Prob. 21ECh. 2.5 - Prob. 22ECh. 2.5 - Find the inverse, if it exists, for each matrix. [...Ch. 2.5 - Prob. 24ECh. 2.5 - Prob. 25ECh. 2.5 - Prob. 26ECh. 2.5 - Prob. 27ECh. 2.5 -
Solve each system of equations by using the...Ch. 2.5 -
Solve each system of equations by using the...Ch. 2.5 - Prob. 30ECh. 2.5 - Prob. 31ECh. 2.5 - Prob. 32ECh. 2.5 - Prob. 33ECh. 2.5 -
Solve each system of equations by using the...Ch. 2.5 -
Solve each system of equations by using the...Ch. 2.5 - Prob. 36ECh. 2.5 - Prob. 37ECh. 2.5 - Prob. 38ECh. 2.5 - Prob. 39ECh. 2.5 - Prob. 40ECh. 2.5 - Prob. 41ECh. 2.5 - Prob. 42ECh. 2.5 - Prob. 43ECh. 2.5 - Prob. 44ECh. 2.5 - Prob. 45ECh. 2.5 - Prob. 46ECh. 2.5 - Prob. 47ECh. 2.5 - Prob. 48ECh. 2.5 - Prob. 49ECh. 2.5 - Prob. 50ECh. 2.5 - Prob. 51ECh. 2.5 - Prob. 52ECh. 2.5 - Prob. 53ECh. 2.5 - Prob. 54ECh. 2.5 - Prob. 55ECh. 2.5 - Prob. 56ECh. 2.5 - Prob. 57ECh. 2.5 - Prob. 58ECh. 2.5 - Prob. 59ECh. 2.5 - Prob. 60ECh. 2.5 - Prob. 61ECh. 2.5 - Solve each exercise by using the inverse of the...Ch. 2.5 - Prob. 63ECh. 2.5 -
Solve each exercise by using the inverse of the...Ch. 2.5 - Prob. 65ECh. 2.5 -
Solve each exercise by using the inverse of the...Ch. 2.6 -
Find the production matrix for the following...Ch. 2.6 - Prob. 2ECh. 2.6 - Prob. 3ECh. 2.6 - Prob. 4ECh. 2.6 - Prob. 5ECh. 2.6 - Prob. 6ECh. 2.6 - Prob. 7ECh. 2.6 - Find the ratios of products A, B, and C using a...Ch. 2.6 - Prob. 9ECh. 2.6 - Use a graphing calculator or computer to find the...Ch. 2.6 - Prob. 11ECh. 2.6 -
Input-Output Open Model In Exercises 11 and 12,...Ch. 2.6 - Prob. 13ECh. 2.6 - Prob. 14ECh. 2.6 - Input-Output Open Model In Exercises 13-16, refer...Ch. 2.6 - Input-Output Open Model In Exercises 13- refer to...Ch. 2.6 - Input-Output Open Model A primitive economy...Ch. 2.6 - Prob. 18ECh. 2.6 - Prob. 19ECh. 2.6 - Prob. 20ECh. 2.6 -
21. Israeli Economy An analysis of the 1958...Ch. 2.6 -
22. Chinese Economy The 1981 Chinese economy can...Ch. 2.6 - Prob. 23ECh. 2.6 - Prob. 24ECh. 2.6 - Prob. 25ECh. 2.6 - Prob. 26ECh. 2.6 -
27. Input-Output Closed Model Use the...Ch. 2.6 - Input-Output Closed Model Suppose that production...Ch. 2.6 - Prob. 29ECh. 2 - Find the second-order contact matrix PQ mentioned...Ch. 2 - Prob. 2EACh. 2 - Prob. 3EACh. 2 - Prob. 4EACh. 2 - Prob. 5EACh. 2 - Prob. 1RECh. 2 - Determine whether each of the following statements...Ch. 2 - Prob. 3RECh. 2 - Prob. 4RECh. 2 - Prob. 5RECh. 2 - Prob. 6RECh. 2 - Prob. 7RECh. 2 - Prob. 8RECh. 2 - Prob. 9RECh. 2 - Prob. 10RECh. 2 - Prob. 11RECh. 2 - Prob. 12RECh. 2 - Prob. 13RECh. 2 - Prob. 14RECh. 2 - Prob. 15RECh. 2 - Prob. 16RECh. 2 - Prob. 17RECh. 2 - Prob. 18RECh. 2 -
Solve each system by the echelon method.
19. 2x -...Ch. 2 - Prob. 20RECh. 2 - Solve each system by the echelon method. 2x - 3y +...Ch. 2 - Prob. 22RECh. 2 - Prob. 23RECh. 2 - Prob. 24RECh. 2 - Prob. 25RECh. 2 - Prob. 26RECh. 2 - Prob. 27RECh. 2 - Prob. 28RECh. 2 - Prob. 29RECh. 2 - Prob. 30RECh. 2 - Prob. 31RECh. 2 - Prob. 32RECh. 2 - Prob. 33RECh. 2 - Prob. 34RECh. 2 - Prob. 35RECh. 2 - Prob. 36RECh. 2 - Prob. 37RECh. 2 - Prob. 38RECh. 2 - Prob. 39RECh. 2 - Given the matrices A=[ 4102369],B=[ 232240012],C=[...Ch. 2 - Prob. 41RECh. 2 - Prob. 42RECh. 2 - Prob. 43RECh. 2 - Prob. 44RECh. 2 - Prob. 45RECh. 2 - Prob. 46RECh. 2 - Prob. 47RECh. 2 - Prob. 48RECh. 2 - Prob. 49RECh. 2 - Prob. 50RECh. 2 - Prob. 51RECh. 2 - Find the inverse of each matrix that has an...Ch. 2 - Prob. 53RECh. 2 - Prob. 54RECh. 2 - Prob. 55RECh. 2 - Prob. 56RECh. 2 - Prob. 57RECh. 2 - Prob. 58RECh. 2 - Prob. 59RECh. 2 - Prob. 60RECh. 2 - Prob. 61RECh. 2 - Prob. 62RECh. 2 - Prob. 63RECh. 2 - Prob. 64RECh. 2 - Prob. 65RECh. 2 - Prob. 66RECh. 2 - Prob. 67RECh. 2 - Prob. 68RECh. 2 - Prob. 69RECh. 2 - Prob. 70RECh. 2 - Prob. 71RECh. 2 - Filling Orders A printer has three orders for...Ch. 2 -
73. Input-Output An economy depends on two...Ch. 2 -
74. Nebraska The 1970 economy of the state of...Ch. 2 - Prob. 75RECh. 2 - Prob. 76RECh. 2 - Prob. 77RECh. 2 - Prob. 78RECh. 2 - Prob. 79RECh. 2 - Prob. 80RECh. 2 - Prob. 81RECh. 2 - Prob. 82RECh. 2 - Prob. 83RECh. 2 -
84. Baseball In the 2009 Major League Baseball...Ch. 2 - Prob. 85RE
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