Finite Mathematics
7th Edition
ISBN: 9781337280426
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Textbook Question
Chapter 4.2, Problem 54E
Revenue Karen Sandberg, your competitor in Suburban State U’s T-shirt market, has apparently been undercutting your prices and outperforming you in sales. Last week she sold 100 tie-dyed shirts for $10 each, 50 (low-quality) Crew shirts at $5 apiece, and 70 Lacrosse T-shirts for $8 each. Use matrix operations to calculate her total revenue for the week. [HinT: See Example 1.]
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Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies.
Company
Cars (1,000s)
Revenue ($ millions)
Company A
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116
Company B
10
137
Company C
9
102
Company D
5.5
39
Company E
4.2
38
Company F
3.3
30
(a)
Develop a scatter diagram with the number of cars in service as the independent variable.
(b)
What does the scatter diagram developed in part (a) indicate about the relationship between the two variables?
(c)
Use the least squares method to develop the estimated regression equation that can be used to predict annual revenue (in $ millions) given the number of cars in service (in 1,000s). (Round your numerical values to three decimal…
Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies.
Company
Cars(1,000s)
Revenue($ millions)
Company A
11.5
118
Company B
10.0
137
Company C
9.0
102
Company D
5.5
39
Company E
4.2
40
Company F
3.3
32
(a)
Develop a scatter diagram with the number of cars in service as the independent variable.
A scatter diagram has 6 points plotted on it. The horizontal axis ranges from 0 to 14 and is labeled: Cars in Service (1,000s). The vertical axis ranges from 0 to 160 and is labeled: Annual Revenue ($ millions). The points are plotted from left to right in an upward, diagonal direction starting from the lower left corner of the diagram and are between 3 to 12 on…
Chapter 4 Solutions
Finite Mathematics
Ch. 4.1 - In Exercises 110, find the dimensions of the given...Ch. 4.1 - Prob. 2ECh. 4.1 - Prob. 3ECh. 4.1 - Prob. 4ECh. 4.1 - In Exercises 110, find the dimensions of the given...Ch. 4.1 - In Exercises 110, find the dimensions of the given...Ch. 4.1 - Prob. 7ECh. 4.1 - Prob. 8ECh. 4.1 - Prob. 9ECh. 4.1 - In Exercises 110, find the dimensions of the given...
Ch. 4.1 - Solve for x,y,z,andw. [HINT: See Example 1.]...Ch. 4.1 - Prob. 12ECh. 4.1 - In Exercises 1320, evaluate the given expression....Ch. 4.1 - Prob. 14ECh. 4.1 - In Exercises 1320, evaluate the given expression....Ch. 4.1 - Prob. 16ECh. 4.1 - Prob. 17ECh. 4.1 - Prob. 18ECh. 4.1 - Prob. 19ECh. 4.1 - In Exercises 1320, evaluate the given expression....Ch. 4.1 - In Exercises 2128, evaluate the given expression....Ch. 4.1 - Prob. 22ECh. 4.1 - Prob. 23ECh. 4.1 - Prob. 24ECh. 4.1 - In Exercises 2128, evaluate the given expression....Ch. 4.1 - Prob. 26ECh. 4.1 - Prob. 27ECh. 4.1 - In Exercises 2128, evaluate the given expression....Ch. 4.1 - Prob. 29ECh. 4.1 - In Exercises 2936, use technology to evaluate the...Ch. 4.1 - Prob. 31ECh. 4.1 - Prob. 32ECh. 4.1 - Prob. 33ECh. 4.1 - Prob. 34ECh. 4.1 - In Exercises 2936, use technology to evaluate the...Ch. 4.1 - Prob. 36ECh. 4.1 - Prob. 37ECh. 4.1 - Prob. 38ECh. 4.1 - Inventory The Left Coast Bookstore chain has two...Ch. 4.1 - Inventory The Left Coast Bookstore chain discussed...Ch. 4.1 - Profit Annual revenues and production costs at...Ch. 4.1 - Revenue The following spreadsheet gives annual...Ch. 4.1 - Population Movement In 2000 the U.S. population,...Ch. 4.1 - Population Movement In 1990 the U.S. population,...Ch. 4.1 - Foreclosure Crisis Starting in 2010, on the heels...Ch. 4.1 - Foreclosure Crisis Starting in 2010, on the heels...Ch. 4.1 - Prob. 47ECh. 4.1 - Prob. 48ECh. 4.1 - Inventory Microbucks Computer Company makes two...Ch. 4.1 - Inventory Microbucks Computer Company, besides...Ch. 4.1 - Prob. 51ECh. 4.1 - Tourism in the 1990s Referring to the 1998 tourism...Ch. 4.1 - Prob. 53ECh. 4.1 - Prob. 54ECh. 4.1 - Prob. 55ECh. 4.1 - Prob. 56ECh. 4.1 - Prob. 57ECh. 4.1 - Prob. 58ECh. 4.1 - Prob. 59ECh. 4.1 - Prob. 60ECh. 4.1 - Prob. 61ECh. 4.1 - Prob. 62ECh. 4.1 - Prob. 63ECh. 4.1 - Prob. 64ECh. 4.1 - Prob. 65ECh. 4.1 - Prob. 66ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 2ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 4ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 7ECh. 4.2 - Prob. 8ECh. 4.2 - Prob. 9ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 11ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 13ECh. 4.2 - Prob. 14ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 16ECh. 4.2 - Prob. 17ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 19ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 21ECh. 4.2 - Prob. 22ECh. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - In Exercises 128, compute the products. Some of...Ch. 4.2 - Prob. 26ECh. 4.2 - Prob. 27ECh. 4.2 - Prob. 28ECh. 4.2 - Prob. 29ECh. 4.2 - Repeat Exercises 29 with A=[0201002000020000].Ch. 4.2 - Exercises 3138 should be done in two ways: by hand...Ch. 4.2 - Prob. 32ECh. 4.2 - Prob. 33ECh. 4.2 - Exercises 3138 should be done in two ways: by hand...Ch. 4.2 - Exercises 3138 should be done in two ways: by hand...Ch. 4.2 - Prob. 36ECh. 4.2 - Exercises 3138 should be done in two ways: by hand...Ch. 4.2 - Exercises 3138 should be done in two ways: by hand...Ch. 4.2 - Prob. 39ECh. 4.2 - In Exercises 3944, calculate (a) P2=PP, (b)...Ch. 4.2 - Prob. 41ECh. 4.2 - Prob. 42ECh. 4.2 - Prob. 43ECh. 4.2 - Prob. 44ECh. 4.2 - In Exercises 4548, translate the given matrix...Ch. 4.2 - Prob. 46ECh. 4.2 - Prob. 47ECh. 4.2 - Prob. 48ECh. 4.2 - Prob. 49ECh. 4.2 - In Exercises 4952, translate the given systems of...Ch. 4.2 - Prob. 51ECh. 4.2 - Prob. 52ECh. 4.2 - Prob. 53ECh. 4.2 - Revenue Karen Sandberg, your competitor in...Ch. 4.2 - Real Estate The following table shows the cost of...Ch. 4.2 - Prob. 56ECh. 4.2 - Prob. 57ECh. 4.2 - Prob. 58ECh. 4.2 - Income Exercises 5962 are based on the following...Ch. 4.2 - Income Exercises 5962 are based on the following...Ch. 4.2 - Income Exercises 5962 are based on the following...Ch. 4.2 - Prob. 62ECh. 4.2 - Prob. 63ECh. 4.2 - Prob. 64ECh. 4.2 - Foreclosure Crisis Starting in 2010, on the heels...Ch. 4.2 - Foreclosure Crisis Starting in 2010, on the heels...Ch. 4.2 - Prob. 67ECh. 4.2 - Prob. 68ECh. 4.2 - Prob. 69ECh. 4.2 - Foreclosure Crisis Starting in 2010, on the heels...Ch. 4.2 - Prob. 71ECh. 4.2 - Profits Refer back to Exercise 71. It actually...Ch. 4.2 - Tourism in the 1990s The following table gives the...Ch. 4.2 - Prob. 74ECh. 4.2 - Population Movement In 2008 the population of the...Ch. 4.2 - Prob. 76ECh. 4.2 - Give an example of two matrices A and B such that...Ch. 4.2 - Prob. 78ECh. 4.2 - Prob. 79ECh. 4.2 - Prob. 80ECh. 4.2 - Prob. 81ECh. 4.2 - Prob. 82ECh. 4.2 - Prob. 83ECh. 4.2 - Prob. 84ECh. 4.2 - Prob. 85ECh. 4.2 - Prob. 86ECh. 4.3 - In Exercises 16, determine whether or not the...Ch. 4.3 - Prob. 2ECh. 4.3 - Prob. 3ECh. 4.3 - In Exercises 16, determine whether or not the...Ch. 4.3 - In Exercises 16, determine whether or not the...Ch. 4.3 - Prob. 6ECh. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - Prob. 9ECh. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - Prob. 11ECh. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - Prob. 13ECh. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - Prob. 16ECh. 4.3 - Prob. 17ECh. 4.3 - Prob. 18ECh. 4.3 - Prob. 19ECh. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - Prob. 21ECh. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 - Prob. 24ECh. 4.3 - In Exercises 726, use row reduction to find the...Ch. 4.3 - Prob. 26ECh. 4.3 - In Exercises 2734, compute the determinant of the...Ch. 4.3 - In Exercises 2734, compute the determinant of the...Ch. 4.3 - Prob. 29ECh. 4.3 - In Exercises 2734, compute the determinant of the...Ch. 4.3 - In Exercises 2734, compute the determinant of the...Ch. 4.3 - Prob. 32ECh. 4.3 - Prob. 33ECh. 4.3 - In Exercises 2734, compute the determinant of the...Ch. 4.3 - In Exercises 3542, use technology to find the...Ch. 4.3 - Prob. 36ECh. 4.3 - Prob. 37ECh. 4.3 - Prob. 38ECh. 4.3 - Prob. 39ECh. 4.3 - In Exercises 3542, use technology to find the...Ch. 4.3 - In Exercises 3542, use technology to find the...Ch. 4.3 - Prob. 42ECh. 4.3 - In Exercises 4348, use matrix inversion to solve...Ch. 4.3 - Prob. 44ECh. 4.3 - In Exercises 4348, use matrix inversion to solve...Ch. 4.3 - Prob. 46ECh. 4.3 - Prob. 47ECh. 4.3 - In Exercises 4348, use matrix inversion to solve...Ch. 4.3 - Prob. 49ECh. 4.3 - In Exercises 49 and 50, use matrix inversion to...Ch. 4.3 - Prob. 51ECh. 4.3 - Some of the following exercises are similar or...Ch. 4.3 - Some of the following exercises are similar or...Ch. 4.3 - Some of the following exercises are similar or...Ch. 4.3 - Investing: Inverse ETFs (Exchange Traded Funds)...Ch. 4.3 - Investing: Inverse ETFs (Exchange Traded Funds)...Ch. 4.3 - Investing: Lesser-Known Stocks Exercises 5758 are...Ch. 4.3 - Prob. 58ECh. 4.3 - Population Movement In 2009 the population of the...Ch. 4.3 - Population Movement Assume that the percentages...Ch. 4.3 - Rotations If a point (x,y) in the plane is rotated...Ch. 4.3 - Prob. 62ECh. 4.3 - Prob. 63ECh. 4.3 - Prob. 64ECh. 4.3 - Encryption Matrices are commonly used to encrypt...Ch. 4.3 - Prob. 66ECh. 4.3 - Prob. 67ECh. 4.3 - Prob. 68ECh. 4.3 - Prob. 69ECh. 4.3 - Prob. 70ECh. 4.3 - Prob. 71ECh. 4.3 - Derive the formula in Exercise 71 using row...Ch. 4.3 - Prob. 73ECh. 4.3 - Prob. 74ECh. 4.3 - Prob. 75ECh. 4.3 - Prob. 76ECh. 4.3 - Prob. 77ECh. 4.3 - Your friend has two square matrices A and B,...Ch. 4.4 - In Exercises 14, calculate the expected payoff of...Ch. 4.4 - In Exercises 14, calculate the expected payoff of...Ch. 4.4 - Prob. 3ECh. 4.4 - Prob. 4ECh. 4.4 - In Exercises 58, either a mixed column or mixed...Ch. 4.4 - In Exercises 58, either a mixed column or mixed...Ch. 4.4 - Prob. 7ECh. 4.4 - In Exercises 58, either a mixed column or mixed...Ch. 4.4 - In Exercises 914, reduce the given payoff matrix...Ch. 4.4 - In Exercises 914, reduce the given payoff matrix...Ch. 4.4 - In Exercises 914, reduce the given payoff matrix...Ch. 4.4 - Prob. 12ECh. 4.4 - In Exercises 914, reduce the given payoff matrix...Ch. 4.4 - Prob. 14ECh. 4.4 - In Exercises 1520, decide whether the game is...Ch. 4.4 - In Exercises 1520, decide whether the game is...Ch. 4.4 - In Exercises 1520, decide whether the game is...Ch. 4.4 - In Exercises 1520, decide whether the game is...Ch. 4.4 - Prob. 19ECh. 4.4 - In Exercises 1520, decide whether the game is...Ch. 4.4 - In Exercises 2124, find (a) the optimal mixed row...Ch. 4.4 - Prob. 22ECh. 4.4 - Prob. 23ECh. 4.4 - Prob. 24ECh. 4.4 - In Exercises 2532, set up the payoff matrix. Games...Ch. 4.4 - In Exercises 2532, set up the payoff matrix. Games...Ch. 4.4 - In Exercises 2532, set up the payoff matrix. War...Ch. 4.4 - In Exercises 2532, set up the payoff matrix. War...Ch. 4.4 - In Exercises 2532, set up the payoff matrix....Ch. 4.4 - In Exercises 2532, set up the payoff matrix....Ch. 4.4 - In Exercises 2532, set up the payoff matrix....Ch. 4.4 - Prob. 32ECh. 4.4 - Prob. 33ECh. 4.4 - More Retail Discount Wars Your Abercrom B mens...Ch. 4.4 - Factory Location22 A manufacturer of electrical...Ch. 4.4 - Crop Choice23 A farmer has a choice of growing...Ch. 4.4 - Study Techniques Your mathematics test is tomorrow...Ch. 4.4 - Prob. 38ECh. 4.4 - Prob. 39ECh. 4.4 - Textbook Writing You are writing a college-level...Ch. 4.4 - Prob. 41ECh. 4.4 - Prob. 42ECh. 4.4 - Wrestling Tournaments City Community College (CCC)...Ch. 4.4 - Wrestling Tournaments (Refer to Exercise 43.) One...Ch. 4.4 - The Battle of Rabaul-Lae25 In the Second World...Ch. 4.4 - Prob. 46ECh. 4.4 - Prob. 47ECh. 4.4 - Prob. 48ECh. 4.4 - Campaign Strategies27 Florida and Ohio are swing...Ch. 4.4 - Campaign Strategies Repeat Exercise 49, this time...Ch. 4.4 - Prob. 51ECh. 4.4 - Prob. 52ECh. 4.4 - Prob. 53ECh. 4.4 - Prob. 54ECh. 4.4 - Prob. 55ECh. 4.4 - Prob. 56ECh. 4.4 - Prob. 57ECh. 4.4 - Prob. 58ECh. 4.5 - Let A be the technology matrix A=[0.20.050.80.01],...Ch. 4.5 - Prob. 2ECh. 4.5 - Each unit of television news requires 0.2 units of...Ch. 4.5 - Production of one unit of cologne requires no...Ch. 4.5 - In Exercises 512, you are given a technology...Ch. 4.5 - In Exercises 512, you are given a technology...Ch. 4.5 - In Exercises 512, you are given a technology...Ch. 4.5 - In Exercises 512, you are given a technology...Ch. 4.5 - Prob. 9ECh. 4.5 - In Exercises 512, you are given a technology...Ch. 4.5 - Prob. 11ECh. 4.5 - In Exercises 512, you are given a technology...Ch. 4.5 - Prob. 13ECh. 4.5 - Prob. 14ECh. 4.5 - Let (IA)1=[0.50.100.21.20.10.10.71.6], and assume...Ch. 4.5 - Prob. 16ECh. 4.5 - In Exercises 17 and 18, obtain the technology...Ch. 4.5 - Prob. 18ECh. 4.5 - Campus Food The two campus cafeterias, the Main...Ch. 4.5 - Plagiarism Two student groups at Enormous State...Ch. 4.5 - Communication Equipment Two sectors of the U.S....Ch. 4.5 - Prob. 22ECh. 4.5 - Australia Economy Two sectors of the Australian...Ch. 4.5 - Prob. 24ECh. 4.5 - Mexico Economy Economists generally divide a...Ch. 4.5 - Prob. 26ECh. 4.5 - Prob. 27ECh. 4.5 - Prob. 28ECh. 4.5 - Mexico Economy Economists generally divide a...Ch. 4.5 - Mexico Economy Economists generally divide a...Ch. 4.5 - Exercises 3134 require the use of technology....Ch. 4.5 - Exercises 3134 require the use of technology....Ch. 4.5 - Prob. 33ECh. 4.5 - Prob. 34ECh. 4.5 - Prob. 35ECh. 4.5 - Can an external demand be met by an economy whose...Ch. 4.5 - Prob. 37ECh. 4.5 - Prob. 38ECh. 4.5 - Prob. 39ECh. 4.5 - Prob. 40ECh. 4.5 - Prob. 41ECh. 4.5 - Prob. 42ECh. 4 - For Exercises 110, let...Ch. 4 - For Exercises 110, let...Ch. 4 - For Exercises 110, let...Ch. 4 - For Exercises 110, let...Ch. 4 - For Exercises 110, let...Ch. 4 - For Exercises 110, let...Ch. 4 - Prob. 7RECh. 4 - Prob. 8RECh. 4 - For Exercises 110, let...Ch. 4 - For Exercises 110, let...Ch. 4 - In Exercises 1116, find the inverse of the given...Ch. 4 - In Exercises 1116, find the inverse of the given...Ch. 4 - In Exercises 1116, find the inverse of the given...Ch. 4 - Prob. 14RECh. 4 - In Exercises 1116, find the inverse of the given...Ch. 4 - In Exercises 1116, find the inverse of the given...Ch. 4 - In Exercises 1720, write the given system of...Ch. 4 - In Exercises 1720, write the given system of...Ch. 4 - In Exercises 1720, write the given system of...Ch. 4 - Prob. 20RECh. 4 - Prob. 21RECh. 4 - Prob. 22RECh. 4 - In Exercises 2124, solve the game with the given...Ch. 4 - Prob. 24RECh. 4 - Prob. 25RECh. 4 - Prob. 26RECh. 4 - In Exercises 2528, find the production vector X...Ch. 4 - Prob. 28RECh. 4 - Prob. 29RECh. 4 - Prob. 30RECh. 4 - Prob. 31RECh. 4 - Prob. 32RECh. 4 - Prob. 33RECh. 4 - Prob. 34RECh. 4 - Prob. 35RECh. 4 - Prob. 36RECh. 4 - Prob. 37RECh. 4 - Prob. 38RECh. 4 - OHaganBooks.com has two main...Ch. 4 - OHaganBooks.com has two main...Ch. 4 - Prob. 41RECh. 4 - OHaganBooks.com has two main...Ch. 4 - Publisher Marjory Duffin reveals that...Ch. 4 - Publisher Marjory Duffin reveals that...Ch. 4 - Prob. 45RECh. 4 - Prob. 46RECh. 4 - Prob. 47RECh. 4 - Prob. 48RECh. 4 - Some of the books sold by OHaganBooks.com are...Ch. 4 - Some of the books sold by OHaganBooks.com are...Ch. 4 - Some of the books sold by OHaganBooks.com are...Ch. 4 - Prob. 52RE
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