The total cost and total revenue functions for a product are C(q) = 5,000,000 + 250q + 0.002q^2 R(q) = 1,250q - 0.005q^2 a) Using the marginal approach, determine the profit-maximizing level of output (q*). b) What is the maximum profit?

the answer is here: : )

:

idk

step-by-step explanation:

d. 24+-0.114

step-by-step explanation:

the question requires us to calculate the approximate 95% confidence interval for the mean number of ounces of ketchup per bottle in the sample given the following statistics;

sample mean = 24

standard deviation, σ = 0.4

sample size , n = 49

the confidence interval for a population mean is calculated using the formula;

sample mean ± z-score*(σ/sqrt(n))

the z-score associated with a 95% confidence interval, from the standard normal tables, is;

1.96

substituting these values into the formula;

24 ± 1.96*(0.4/7)

= 24 ± 0.112

from the alternatives given, choice d is closest to the above expression;