Develop an estimate for each of the following situationsa, Ask an Expert

Economics

Develop an estimate for each of the following situations.

(a) The cost of a 500- mile automobile trip, if gasoline is $4.00 per gallon, vehicle wear and tear is $0.65 per mile, and our vehicle gets 25 miles per gallon.

(b) The total number of hours in the average human life, if the average life is 75 years.

(c) The number of days it takes to travel around the equator using a hot air balloon, if the balloon averages 100 miles per day, the diameter of the earth is ~4,000 miles.

(d) The total area in square miles of the United States of America, if Kansas is an average-sized state. Kansas has an area of 390 miles *200 miles.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91272806

Have any Question?Write your Review or question?

Related Questions in Business Economics

If the coefficient of determination is 0738 what percentage

If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?

In the following five scenarios h0 alpha the obtained

In the following five scenarios, H0, α, the obtained probability (p-value), and the true status of H0 are given. Assume that our test statistic follows a standard normal distribution. Do the following: (a) State whether ...

In a survey of 2936 adults 1431 say they have started

In a survey of 2936 adults, 1431 say they have started paying bills online in the last year. Construct a 99% confidence interval for the population proportion. A 99% confidence interval for the population proportion is ( ...

Since this in an empirical question that means that 68 is

Since this in an empirical question that means that 68% is in the middle and on the outer sides are the difference? The median life span of a mouse is 118 weeks Would you expect the life-span to be normally distributed? ...

A cartel is branch of an oligopoly there are still a

A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the petroleum industries are examples are oligopolies. However, the main differe ...

According to the center for disease control the mean total

According to the center for Disease Control, the mean total cholesterol for men between the ages of 20-29 is 180 milligrams per deciliter with a standard deviation of 36.2. A healthy total cholesterol level is less than ...

1 a county health department is trying to decide whether to

1) A county health department is trying to decide whether to offer free flu vaccines to its residents next year. The vaccine protects against the flu strains expected to be most prevalent next year, but does not fully pr ...

How the manager use the information supposed the

How the Manager use the information "supposed the macroeconomic forecast predict that the economy will be expanding in the near future" in an organization?

A binomial process has 892 trials and a probability of

A binomial process has 892 trials and a probability of success of .78 what is the standard deviation of this process distribution?

Describe the difference in economic profit between a

Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert