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Q: In this problem, p is in dollars and x is the number of units. Find the producer's surplus at market…

A: The producer's surplus for a supply function g(x) at equilibrium is as follows. PS=p1x1-∫0x1gxdx

Q: Disposable income, the amount left after taxes have been paid, is one measure of the health of the…

A: income per capita can be approximated by the equation  I=707.6 t +39,090 where t is  the number of…

Q: Q5. The owner of an egg firm produces 30O eggs a week. Initially the price of eggs is Rs.4 per egg.…

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Q: A company has a monthly advertising budget of $40,000. It is estimated that if x dollars are spent…

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Q: Mr. Hamed wants to purchase existing car wash business. The purchase cost is (16+ 5000) R.O and…

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Q: Emperor's Clothes Fashions can invest $7 million in a new plant for producing invisible makeup. The…

A: The objective of the question is to calculate the Net Present Value (NPV) of the project under…

Q: A manager wishes to predict the annual cost (y) of an automobile based on the number of miles (x)…

A: According to the given information, we have Given that a manager wishes to predict the annual cost…

Q: Amy, the owner of​ Amy's Pottery, can produce china pitchers at a cost of$4 each. She estimates the…

A: Amy can produce china pitchers at a cost of $4 each. She estimates the price function that can be…

Q: If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed costs…

A: Hey, since there are multiple sub-parts posted, we will answer the first 3 sub-parts. If you want…

Q: The Physics Club sells E = mc2 T-shirts at the local flea market. Unfortunately, the club's previous…

A: A quadratic regression based on old sales data reveals the following demand equation for the…

Q: Sunny Mountain Company will make 1970 snow blowers available when the unit price is $680. At a unit…

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Q: Q5. The owner of an egg firm produces 30O eggs a week. Initially the price of eggs is Rs.4 per egg.…

A:

Q: If a company A manufactures t-shirts and sells them to retailers for $9.80 each. It has fixed cost…

A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…

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 predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.