Finite Mathematics
7th Edition
ISBN: 9781337280426
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Chapter 4.4, Problem 58E
To determine
A situation in which mixed strategy and pure strategy are equally effective.
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Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst wants to forecast sales of
StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = B0 + B1 Population + B2 Income +
ε, where Sales is the sales of Strong Bones (in $1,000,000s), Population is the number of women over the age of 60 (in millions), and
Income is the average income of women over the age of 60 (in $1,000s). She collects data on 29 cities across the United States and
obtains the following regression results:
Coefficients
Standard
Error
t Stat
p-Value
Intercept
Population
Income
10.15
3.13
3.24
0.0071
8.45
1.11
7.61
0.0047
7.45
6.12
1.22
0.3468
a. What is the sample regression equation?
Note: Enter your answers in millions rounded to 2 decimal places.
Sales =
+
Population +
Income
b-1. Interpret the coefficient of population.
As the number of women over the age of 60 increases by 1 million, sales of Strong Bones is predicted to…
Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst wants to forecast sales of
StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = B0 + B1 Population + B2 Income +
ε, where Sales is the sales of Strong Bones (in $1,000,000s), Population is the number of women over the age of 60 (in millions), and
Income is the average income of women over the age of 60 (in $1,000s). She collects data on 29 cities across the United States and
obtains the following regression results:
Intercept
Population
Income
Coefficients
10.15
Standard
Error
t Stat
p-Value
3.13
3.24
0.0071
8.45
1.11
7.61
0.0047
7.45
6.12
1.22
0.3468
a. What is the sample regression equation?
Note: Enter your answers in millions rounded to 2 decimal places.
Sales =
+
Population +
Income
b-1. Interpret the coefficient of population.
○ As the number of women over the age of 60 increases by 1 million, sales of Strong Bones is predicted…
A manufacturer is planning to sell a total of 500 machines to both foreign
and domestic firms. The price the manufacturer can expect to receive for
the machines will depend on the number of machines made available.
It is estimated that if the manufacturer supplies & machines to the
domestic market and y machines to the foreign market, the machines will
5y
sell for 1200 - 3x + pesos per unit domestically, and
7
2200 - 2y + pesos per unit abroad.
20
7
(a) Express the revenues from domestic and foreign markets as functions
of and y. Then show that the total revenue is given by
R(x, y) = 1200x+2200y - 3x² - 2y² + xy.
(b) Evaluate Ry (100, 400) and interpret this value in the context of the
problem.
(c) Using Lagrange multipliers to maximize revenue, how many of the 500
machines should be sold domestically, and how many should be sold
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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