where hd is price of each hot dog
hb is price of a hamburger and ch is price of a chicken
augmented matrix
switch R1 and R3
R3=R3-4R1
R2=R2-2.5R1
R3=R3-(14/4.5) R2
gives
ch=4.25
-4.5hd-12.5ch=-64.375
-4.5hd-12.5*4.25=-64.375
hd=2.5
4hd+7*2.5+7*4.25=56.25
4hd+47.25=56.25
4hd=9
hd=2.25
2.25,2.5,4.25
The concession stand at a school basketball tournament sells hot dogs, hamburgers, and chicken sandwiches. During...
The manager of a small concession stand kept track of the number of hamburgers that she sold for each of eight hours, along with the number of hot dogs that she sold during those same hours. The results are given in the table below. Concession Stand Sales Data Hour Number of Hamburgers Sold (X) Number of Hot Dogs Sold (Y) 1 3 2 2 5 5 3 6 3 4 2 6 5 4 6 6 3 5 7...
Suppose we are selling hot dogs during a basketball game. A hot dog sells for $15 each but only costs $5 each to make. If we run out of hot dogs during the game, i w be impossible to get more. On the other hand, a leftover hot dog has a value of $1 for each hot dog. Assume that we believe the fans would buy 100 hot dogs with probability 3/10, 110 hot dogs with probability 2/10, 120 hot...
1. Suppose we are selling hot dogs during a basketball game. A hot dog sells for $15 each but only costs $5 each to make. If we run out of hot dogs during the game, it will be impossible to get more. On the other hand, a leftover hot dog has a value of $1 for each hot dog. Assume that we believe the fans would buy 100 hot dogs with probability 3/10, 110 hot dogs with probability 2/10, 120...
1. Suppose we are selling hot dogs during a basketball game. A hot dog sells for $15 each but only costs $5 each to make. If we run out of hot dogs during the game, it will be impossible to get more. On the other hand, a leftover hot dog has a value of S1 for each hot dog. Assume that we believe the fans would buy 100 hot dogs with probability 3/10, 110 hot dogs with probability 2/10, 120...
5. In an imaginary economy, consumers buy only hot dogs and hamburgers. The fixed basket consists of 19 hot dogs and 8 hamburgers. A hot dog cost $2.25 in 2006 and 3.70 in 2007. A hamburger cost $5.75 in 2006 and $7.86 in 2007. Calculate the CPI for both years and then find the inflation rate. 6. In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 25 sandwiches and 40 magazines. In 2006, a...