rent-a-reck incorporated finds that it can rent cars if it charges for a weekend. it estimates that for each price increase it will rent three fewer cars. what price should it charge to maximize its revenue? how many cars will it rent at this price?

Answers

Answer 1

Rent-A-Reck Incorporated should charge $95 to maximize its revenue and the company will rent 45 cars at a price of $95.

To determine the price that will maximize Rent-A-Reck Incorporated's revenue, we need to consider the relationship between the price of renting a car and the number of cars that are rented.

Based on the information provided, we know that the demand for rental cars decreases as the price increases. Specifically, for each $5 increase in price, two fewer cars will be rented.

Let's denote the price of renting a car as P and the number of cars rented as Q. Then we can express the relationship between price and quantity as:

Q = 60 - 2(P - 80)/5

This equation tells us that as the price P increases, the number of cars rented Q decreases. We can also use this equation to find the price that will maximize revenue. Revenue is calculated by multiplying the price by the number of cars rented, so we can write the revenue function as:

R = P(Q) * Q

= P * (60 - 2(P - 80)/5)

To find the price that maximizes revenue, we need to find the value of P that makes R as large as possible. One way to do this is to take the derivative of R with respect to P and set it equal to zero:

dR/dP = (60 - 2(P - 80)/5) - 2P/5 = 0

Solving for P, we get:

P = $95

To find the number of cars that will be rented at this price, we can substitute P = $95 into the demand equation:

Q = 60 - 2($95 - $80)/5

= 45

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Complete question is:

Rent-A-Reck Incorporated finds that it can rent 60 cars if it charges $80 for a weekend. It estimates that for each $5 price increase it will rent two fewer cars. What price should it charge to maximize its revenue? How many cars will it rent at this price?


Related Questions

the adaptive-response-rate single exponential smoothing model is best applied to time series data that are multiple choice non stationary. stationary and non seasonal. seasonal. stationary and seasonal. seasonal and nonstationary.

Answers

The adaptive-response-rate single exponential smoothing model is best applied to time series data that are non stationary and seasonal which means option D is the right answer.

The adaptive response rate single exponential smoothing model is used to demonstrate the changes in the forecasting data and the fluctuation in data values with respect to time which are smoothened by a coefficient. The larger the coefficient, the greater the smoothing effect.

This kind of model is ineffective for stationary time series as it takes into account the smoothing of the information. Adaptive smoothing is computationally difficult. Exponential smoothing produces accurate forecasts. The forecast shows projected demand and actual demand.

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PLEASE HELP FAST (giving brainliest)

Answers

First one is 6

second one is 12

third one is -8

hope this helps

Answer:

Step-by-step explanation:

x=6

x=12

x=-8

If you add two positive numbers together, which of the following is true about the result?

Answers

Answer:

If you add two positive numbers together you will get a positive.

Step-by-step explanation:

suppose a recessive genetic disorder occurs in 9 percent of the population whst id the percentage of the populaation that is hetero

Answers

The percentage is 42% of the population is heterozygous for the recessive genetic disorder.

To determine the percentage of the population that is heterozygous for a recessive genetic disorder occurring in 9 percent of the population,

follow these steps:

1. Identify the frequency of the recessive allele (q) by taking the square root of the 9 percent occurrence (0.09). The square root of 0.09 is 0.3.

2. Calculate the frequency of the dominant allele (p) using the equation p = 1 - q. In this case, p = 1 - 0.3 = 0.7.

3. Determine the percentage of the population that is heterozygous using the equation 2pq. In this case, 2(0.7)(0.3) = 0.42 or 42%.

So, 42% of the population is heterozygous for the recessive genetic disorder.

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Write the equation of the parabola which has its vertex at (0, 5) and passes through the point (1, 0)

Answers

y = -5x² + 5 is the equation of the parabola which has its vertex at (0, 5) and passes through the point (1, 0)

We know that the vertex of the parabola is (0, 5), which means that the equation for the parabola has the form:

y = a(x - 0)² + 5

where 'a' is a constant that determines the shape of the parabola. Since the parabola passes through the point (1, 0), we can substitute these values into the equation and solve for 'a':

0 = a(1 - 0)² + 5

0 = a + 5

a = -5

Therefore, the equation of the parabola is: y = -5x² + 5

This equation represents a parabola that opens downwards (since the coefficient of x² is negative), has a vertex at (0, 5), and passes through the point (1, 0).

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an apple falls from a tree 100 km to the ground. if the acceleration due to gravity is 9,8 m/s² and the mass of the apple is 0,2 gram. what is the potential energy of the apple?

Answers

Answer: 196 Joules (J)

Step-by-step explanation:

To calculate the potential energy of the apple, we can use the formula:

Potential Energy = Mass x Gravity x Height

First, let's convert the height from kilometers to meters:

100 km = 100,000 meters

Now, let's convert the mass of the apple from grams to kilograms:

0.2 gram = 0.0002 kilograms

Using these values, we can calculate the potential energy:

Potential Energy = 0.0002 kg x 9.8 m/s^2 x 100,000 m

Potential Energy = 196 Joules (J)

Therefore, the potential energy of the apple is 196 Joules (J).

if 10 friends are going to occupy 10 seats in shuttle on the way to the airport, how many different ways can they arrange themselves in the shuttle? provide your answer below:

Answers

If 10 friends are going to occupy 10 seats in a shuttle on the way to the airport, then they can arrange themselves in the shuttle in 10! or 3,628,800 ways.

Step-by-step explanation: There are 10 friends and 10 seats to be occupied in a shuttle.

Therefore, the number of ways to arrange the 10 friends in 10 seats is given by 10! (10 factorial), which is calculated as follows: 10! = 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1= 3,628,800

Therefore, 10 friends can arrange themselves in the shuttle in 3,628,800 ways.

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At rolling hills middle school the ratio of the total number of students to the number of students with pets is 3 to 1 if there are 243 students at the school how many students have pets

Answers

If there are 243 students at the school, then there are 81 students at Rolling Hills Middle School who have pets.

If the ratio of the total number of students to the number of students with pets at Rolling Hills Middle School is 3 to 1, this means that for every 3 students at the school, there is 1 student with a pet.

Let's represent the total number of students at the school as "3x" (since the ratio is 3 to 1, we can use any multiple of 3 as a placeholder for the total number of students), and the number of students with pets as "x". Therefore, we can write the following equation:

3x : x = 3 : 1

To solve for x, we can cross-multiply:

3x * 1 = x * 3

3x = 3x

We can see that the equation is true for any value of x, which means that there are many possible solutions. However, since we know that the total number of students at the school is 243, we can use this information to solve for x:

3x = 243

x = 81

Therefore, there are 81 students at Rolling Hills Middle School who have pets.

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i need help ASAP
Calculate the amount of interest on $2,000.00 for 4 years, compounding daily at 2.25 % APR.

From the Monthly Interest Table use $1.094171 in interest for each $1.00 invested



A $2,088.34

B $2188.34

C $2,288.34

D $2,388.34

Answers

Answer:

Step-by-step explanation:

First, we need to calculate the annual interest rate from the given APR.

APR = 2.25%

Daily interest rate = 2.25% / 365 = 0.00616438

Now, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

A = the final amount

P = the principal (initial amount)

r = the annual interest rate (as a decimal)

n = the number of times the interest is compounded per year

t = time in years

In this case, P = $2,000, r = 0.00616438, n = 365 (daily compounding), and t = 4.

A = 2000(1 + 0.00616438/365)^(365*4)

A = 2000(1.00616438)^1460

A = $2,388.34 (rounded to the nearest cent)

Therefore, the answer is option D) $2,388.34.

calculate the amount of heat produced, in kj, when 52.40 g of methane, ch4, burns in an excess of air, according to the following equation.

Answers

Therefore, the amount of heat produced when 52.40 g of methane, CH4, burns in an excess of air is -39568.2 kJ

The amount of heat produced when 52.40 g of methane, CH4, burns in an excess of air can be calculated using the following equation:

[tex]Q = mcΔT[/tex]

Where Q is the amount of heat produced (in kJ), m is the mass of the methane (in g), and ΔT is the change in temperature (in K).

Using the equation, the amount of heat produced can be calculated as follows:

Q = [tex](52.40 g)(-753.15 K) = -39568.2 kJ[/tex]
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A large bag contains the following marbles:
40 blue marbles
8 green marbles
16 yellow marbles
21 white marbles
Tyra selects a marble from the bag at random. Based on the information, which statement is true?
A.

Answers

The correct option for the large bag contains marbles:

A: The marble she selects is twice as likely to be yellow as it is to be green.B: She chooses a marble that has a higher probability of being blue than any other color put together.Explain about the multiple of the number?Multiples are the outcomes of multiplying a numeral by a specific number in mathematics. Examples of multiples of 5 include 10, 15, 20, 25, 30, and cetera.Multiply the integer even by whole number to discover its multiples. For instance, 15 is the third multiple of 5 since 5 3 = 15. The first five multiples of 4 include, for instance, 4, 8, 12, 16, and 20. The first multiple of 4 is 4 since 1 4 = 4.

The given question:

marbles in the bag:

40 blue marbles

8 green marbles

16 yellow marbles

21 white marbles

One marble is selected by Tyra.

Then, the correct option are-

A: There is a two to one chance that the marble she chooses will be yellow rather than green.

16 yellow marbles = 2* 8 green marbles

B: Compared to all the other colors combined, the stone she chooses is more likely to be blue.

40 blue marbles have the highest number.

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The complete question is-

A large bag contains the following marbles: •

40 blue marbles

8 green marbles

16 yellow marbles

21 white marbles

Tyra selects a marble from the bag at random. Based on the information, which statement is true?

A The marble she selects is twice as likely to be yellow as it is to be green.

B.The marble she selects is more likely to be blue than all the other colors combined.

C. The marble she selects is equally likely to be yellow or white

D. The marble she selects is three times as likely to be white as it is to be green.​

Could someone help me? Please.

Answers

The solution of the system of equations is (2, 1).

How to solve the system of equations graphically?

Here we have the system of equations:

y = 2x - 3

y = -x + 3

To solve the system of equations graphically, we need to graph both of these lines in the same coordinate axis and then find the point where the lines intersect.

That point will be the solution of the system.

On the image at the end you can see the graph of the system of equations, there we can see that the solution is (2, 1).

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solve for x, using a tangent and secant line

Answers

Check the picture below.

[tex]x^2=(8+2)(2)\implies x^2=20\implies x=\sqrt{20}\implies x\approx 4.5[/tex]

The value of x is 4.5 rounded to the nearest tenth.

What is Tangent and Secant of a Circle?

Tangent of a circle is defined as the line which passes through exactly one point on the circle.

Secant of a circle is the line which passes through two points on the circle.

Secant-Tangent Rule states that if a tangent and a secant are drawn to a circle from the same point outside the circle, then the square of the length of the tangent segment is equal to the product of the lengths of secant and the segment of secant outside the circle.

Using the theorem, we can say here that,

(8 + 2) 2 = x²

x² = 10 × 2

x² = 20

x = √20

x = 4.472 ≈ 4.5

Hence the value of x is 4.5.

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(04.03 MC)
Find the area of the polygon.
A 41 square units
B 44 square units
C 52 square units
D 56 square units

Answers

The area of given polygon is 44 square units from the given graph.

What is Polygon ?

A polygon is a 2-dimensional geometric shape that is formed by joining a finite number of straight line segments to form a closed shape.

The area of each triangle can be found by using the formula:

Area = (base * height)/2

Triangle 1: Base = 4 units, Height = 5 units

Area of Triangle 1 = (4*5)/2 = 10 square units

Triangle 2: Base = 8 units, Height = 3 units

Area of Triangle 2 = (8*3)/2 = 12 square units

The area of the trapezoid can be found by using the formula:

Area = (Sum of parallel sides * Height)/2

Trapezoid: Height = 4 units, Parallel side 1 = 3 units, Parallel side 2 = 7 units

Area of Trapezoid = ((3+7)*4)/2 = 20 square units

Therefore, the total area of the polygon is:

Total Area = Area of Triangle 1 + Area of Triangle 2 + Area of Trapezoid

Total Area = 10 + 14 + 20 = 44 square units

Hence, The area of given polygon is 44 square units from the given graph.

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2x + y = -7
3x = 6 + 4y
x = ?
y = ?

Answers

2x + y = -7

y= -7-2x

put this value in 2nd equation

3x=6+4(-7-2x)

3x=6-28-8x

11x= -22

x= -2

y= -7-2(-2)

y= -7+4

y= -3

help will be much appreciated

Answers

The average speed of the total journey is 75 kilometres per hour.

How to find average speed?

Anil completes the 72 kilometres journey between Bristol and Cardiff for 48 minutes. He then drive 69 kilometres from Cardiff to Swansea at an average speed of 60 kilometres per hour.

Therefore, let's find Anil average speed for the total of his journey as follows:
speed of his first journey = distance / time

speed of his first journey = 72 / 48

speed of his first journey = 1.5 km/minutes = 90 km/hrs

Therefore,

average speed of the total journey = 90 + 60 / 2

average speed of the total journey = 150 / 2

average speed of the total journey = 75 kilometres per hour

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jordan wants to create an equiangular octagon whose side lengths are exactly the first 8 positive integers, so that each side has a differetn length. how many such octagons can jordan create

Answers

There is only one equiangular octagon that Jordan can create with side lengths as the first 8 positive integers.

To create an equiangular octagon with side lengths as the first 8 positive integers, each side must have a different length. The sum of the interior angles of an octagon is 1080 degrees, so each angle in the octagon must measure 135 degrees.

If we arrange the 8 integers in decreasing order, we can label the longest side as a and the remaining sides as b1, b2, b3, b4, b5, b6, in descending order. Then, we must have:

a + b1 + b2 = a + b2 + b3 = a + b3 + b4 = a + b4 + b5 = a + b5 + b6 = a + b6 + b1 = 135 degrees

Simplify each equation, we get:

b1 - b3 = b2 - b4 = b3 - b5 = b4 - b6 = b5 - b1 = b6 - a

Since all the side lengths are different, we can use these equations to find all possible combinations of side lengths. By inspection, we can see that there is only one set of side lengths that satisfies these conditions, namely:

a = 8

b1 = 7

b2 = 6

b3 = 5

b4 = 4

b5 = 3

b6 = 2

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(HELP PLS)
Milwaukee's average high temperature in the summer is four
degrees lower than other cities in its same latitude.

Which option best describes the reason for that change?

OSioux Falls is near mountains.

O Milwaukee is beside a lake.

OSioux Falls is closer to a desert.

O Milwaukee has more mountains.

Answers

We can claim that after answering the above question, the  As a result, equation the correct answer is "Milwaukee is near a lake."

What is equation?

In mathematics, an equation is a statement that states the equality of two expressions. An equation is made up of two sides separated by an algebraic equation (=). For example, the argument "2x + 3 = 9" contends that the sentence "2x + 3" equals the value "9". The purpose of equation solving is to identify the value or values of the variable(s) that will make the equation true. Simple or complex equations, regular or nonlinear, with one or more factors are all possible. For example, in the equation "x2 + 2x - 3 = 0," the variable x is raised to the second power. Lines are utilized in many areas of mathematics, including algebra, calculus, and geometry.  

Milwaukee's average high temperature in the summer is four degrees lower than other cities in its latitude since it is located next to a lake. The lake (Lake Michigan) cools the surrounding areas, notably Milwaukee, which is located on the lake's western shore. This is referred to as the "lake breeze" effect, and it is a regular occurrence in cities located near major bodies of water. As a result, the correct answer is "Milwaukee is near a lake."

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15 - (p + 1) where p = 3 and 4 = 10 calculate

Answers

Answer:

11

Step-by-step explanation:

15 - (p + 1)

Let p=3

15 - (3 + 1)

Parentheses first

15 - (4)

11

Answer:

11

Step-by-step explanation:

Given that,

p = 3

So, to find the value of the expression you have to solve it by replacing p with 3.

15 - ( p + 1 )

15 - ( 3 + 1 )

15 - 4

11

Find the slope of the line that passes through the points A( 2, -4 ) and B( 3, 4 ).

The slope of AB =

Answers

Answer: slope=4

Step-by-step explanation:

[tex]Slope=\frac{y2-y1}{x2-x1}[/tex]

[tex]Slope=\frac{4- - 4}{3-2}[/tex]

[tex]Slope=\frac{4+4}{3-2}[/tex]

[tex]Slope=4[/tex]

in a survey, 69% of americans said they own an answering machine. if 15 americans are selected at random, find the probability that exactly 7 own an answering machine. round your answer to three decimal places.

Answers

Rounding to three decimal places, the probability that exactly 7 Americans out of a sample of 15 own an answering machine is approximately 0.170.

To find the probability that exactly 7 of the 15 Americans selected at random own an answering machine, we can use the binomial distribution formula:

P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)

where P(X = k) is the probability of getting exactly k successes, n is the sample size, p is the probability of success, and (n choose k) is the binomial coefficient which represents the number of ways to choose k successes out of n trials.

In this case, n = 15, p = 0.69 (the proportion of Americans who own an answering machine), and k = 7. Thus, the probability of getting exactly 7 Americans who own an answering machine out of a sample of 15 is:

P(X = 7) = (15 choose 7) * 0.69^7 * (1 - 0.69)^(15 - 7)

Using a calculator or statistical software, we can evaluate this expression to find:

P(X = 7) ≈ 0.170

This means that if we were to repeat this survey many times with samples of size 15, we would expect approximately 17% of the samples to have exactly 7 Americans who own an answering machine.

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Evaluate. 547+233×5−142 whats this answer

Answers

The answer to the expression 547 + 233 × 5 - 142 is 1752. To solve the expression, we must follow the order of operations, which is PEMDAS: Parentheses, Exponents, Multiplication, and Division (performed left to right), and Addition and Subtraction (performed left to right).

Since there are no parentheses or exponents in this expression, we start with multiplication and division. In this case, we have to multiply 233 by 5, which gives us 1165. Then, we add 547 to 1165, which gives us 1712. Finally, we subtract 142 from 1712, which gives us the final answer of 1752. Therefore, the result of the expression 547 + 233 × 5 - 142 is 1752, which can be obtained by following the order of operations and performing the arithmetic operations in the correct order.

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what moves beyond excel graphs and charts into sophisticated analysis techniques such as controls, instruments, maps, time-series graphs, and more?

Answers

Answer:

Data Visualization Tools

Step-by-step explanation:

Pls help answer with good detailed explanation

Answers

C is correct 2 divided by 9 is .2222222

Jacqui wants to prove that figures abc and def are similar. Which series of transformations would prove that these two figures are similar

Answers

One figure should be rotated to match the other's alignment. Expand one figure till it is the same size as another.

what is transformations ?

A figure or object in a coordinate plane can be transformed to create a new figure or object that has been relocated, flipped, or altered in some other way. Translations, rotations, and reflections are the three primary forms of transformations. Moving a figure horizontally or vertically without altering its size or shape is known as translation. Rotation entails angling a figure around a fixed point, often known as the rotational center.

given

The subsequent transformations must be used in order to demonstrate similarity between two figures:

Translation (moving the figures to the same spot) (moving the figures to the same position)

Rotation (rotation one figure to fit the other) (rotating one figure to match the other)

Dilation (resizing the figures such that they have the same shape, but maybe different sizes) (resizing the figures so that they have the same shape, but possibly different sizes)

Consequently, the following set of transformations should be used to demonstrate that the figures abc and def are similar.

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Rewrite the following equation in slope-intercept form. Y + 5 = 1 7 ( x + 7 )

Answers

Answer: y = 17x + 114

Step-by-step explanation:

The equation for the slope-intercept form is y = mx + b.

Arrange the equation so that it resembles y = mx + b.

You will do this by multiplying and subtracting so y is on the left side of the equation and mx + b is on the right side of the equation.

y + 5 = 17(x + 7)

y + 5 = 17x + 119

y + 5 - 5 = 17x + 119 - 5

y = 17x + 114

Answer:

Y = 17x + 114

Step-by-step explanation:

1. Y + 5 = 17 (x+7)

2. Y + 5 = 17x + 119   [Multiply the numbers in parenthesis by 17.]

3. Y = 17x + 114.     [To keep the balance and move the 5 over, subtract it from 119.]

discuss in this part. example 8.1 we use the method of steepest descent to find the minimizer of f(xi,x2,xs)

Answers

Here, we will use the method of steepest descent to find the minimiser of the function f(x1, x2, x3). The steepest descent method is an iterative optimization algorithm used to find the local minimum of a function.

Step 1: Initialize the starting point (x1, x2, x3) and set the initial values.
Step 2: Compute the gradient of the function f(x1, x2, x3) with respect to each variable (x1, x2, x3). The gradient is a vector that points in the direction of the steepest increase of the function.
Step 3: Calculate the step size, which determines how far along the descent direction we move. This can be done using various techniques, such as line search or a constant step size.
Step 4: Update the current point by moving in the direction of the negative gradient (steepest descent direction) with the computed step size. The new point will be (x1_new, x2_new, x3_new).
Step 5: Check the convergence criteria. If the change in the function value or the variables is below a certain threshold, stop the iteration process. Otherwise, return to Step 2 with the updated point.
By following these steps, the method of steepest descent will help us find the minimizer of the function f(x1, x2, x3).

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Are the ratios 4:3 and 5:4 equivalent?

Answers

Answer:

They're not promise

Step-by-step explanation:

I did it on the calculator

I hope this helps youuu

Have a good day <3

No they are not equivalent

Here are all the ratios that match 4:3
4 : 3
8 : 6
12 : 9
16 : 12
20 : 15
24 : 18
28 : 21
32 : 24
36 : 27
40 : 30
44 : 33
48 : 36
52 : 39
56 : 42
60 : 45
64 : 48
68 : 51
72 : 54
76 : 57
80 : 60
84 : 63
88 : 66
92 : 69
96 : 72
100 : 75
104 : 78
108 : 81
112 : 84
116 : 87
120 : 90
124 : 93
128 : 96
132 : 99
136 : 102
140 : 105
144 : 108
148 : 111
152 : 114
156 : 117
160 : 120
164 : 123
168 : 126
172 : 129
176 : 132
180 : 135
184 : 138
188 : 141
192 : 144
196 : 147
200 : 150
204 : 153
208 : 156
212 : 159
216 : 162
220 : 165
224 : 168
228 : 171
232 : 174
236 : 177
240 : 180
244 : 183
248 : 186
252 : 189
256 : 192
260 : 195
264 : 198
268 : 201
272 : 204
276 : 207
280 : 210
284 : 213
288 : 216
292 : 219
296 : 222
300 : 225
304 : 228
308 : 231
312 : 234
316 : 237
320 : 240
324 : 243
328 : 246
332 : 249
336 : 252
340 : 255
344 : 258
348 : 261
352 : 264
356 : 267
360 : 270
364 : 273
368 : 276
372 : 279
376 : 282
380 : 285
384 : 288
388 : 291
392 : 294
396 : 297
400 :300

Whic expression is not equivalent to 3x-(4-×)

Answers

The expression 3x-(4-x) is equivalent to 4x-4

The distributive property is a mathematical property that describes the relationship between multiplication and addition or subtraction. It states that when a number is multiplied by a sum or difference of two or more numbers, the result is the same as if we multiplied the number by each of the individual terms inside the parentheses and then added or subtracted the products.

To simplify the expression 3x-(4-x), we can distribute the negative sign to the second term inside the parentheses, which gives:

3x - (4 - x) = 3x - 4 + x

Now we can combine the like terms (3x and x) to get:

3x - 4 + x = 4x - 4

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The given question is incomplete, the complete question is:

Which expression is equivalent to 3x-(4-x)?

assume that you want to construct a 95% ci for the mean of a normal distribution with population variance 30. the sample average is 10 and the sample size is 20. what is the lower limit of the ci? approximate your answer using only one decimal.

Answers

By using the formula for the confidence interval and the standard error, we were able to calculate the lower limit of the interval as 7.59.

To construct a 95% CI for the population mean of a normal distribution, we can use the formula:

CI = sample mean ± z* (standard error)

Where z* is the critical value from the standard normal distribution that corresponds to a 95% confidence level (i.e., 1.96), and the standard error is calculated as:

standard error = population standard deviation / √sample size

In this case, we are given that the population variance is 30, so the population standard deviation is √30 = 5.48 (rounded to two decimal places). The sample size is 20, so the standard error is:

standard error = 5.48 / √20 = 1.226

Now, we can use the formula for the CI:

CI = 10 ± 1.96 x 1.22

Simplifying this expression gives us:

CI = (7.59, 12.41)

This means that we are 95% confident that the true population mean lies within the interval from 7.59 to 12.41. The lower limit of the CI is 7.59, rounded to one decimal place.

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