In the 1990s the demand for personal computers in the home went up with household income....

In the 1990s the demand for personal computers in the home went up with household income. For a given community in the 1990s, the average number of computers in a home could be approximated by

q = 0.3452 ln x − 3.046 10,000 ≤ x ≤ 125,000

where x is mean household income. A certain community had a mean income of $30,000, increasing at a rate of $3,000 per year. How many computers per household were there? (Round your answer to four decimal places.)

_________ computers per household

How fast was the number of computers in a home increasing? (Round your answer to four decimal places.)

_____________computers per household per year

Expert Solution

PLEASE LIKE MY ANSWER AND SUPPORT ME. JUST YOUR ONE LIKE WILL BE A GREAT HELP FOR US. THANK YOU

ANSWER:

Rahul Sunny answered 2 years ago

Throughout the 1990s when personal computers (PCs) were widely used, improvement in PC technology almost always...

Throughout the 1990s when personal computers (PCs) were widely used, improvement in PC technology almost always resulted in a decrease in price of PCs. Nowadays people use smartphones, but improvement in technology is usually accompanied by an increase in the price of the smartphone (every new model of the iPhone or Samsung is more expensive than the previous one), which is exactly the opposite of what happened in the PC market. What is different about the smartphone market (or about...

Throughout the 1990s, when personal computers (PCs) were widely used, improvement in PC technology almost always...

Throughout the 1990s, when personal computers (PCs) were widely used, improvement in PC technology almost always resulted in a decrease in price of PCs. Nowadays people use smartphone, but improvement in technology is usually accompanied by an increase in the price of the smartphone (every new model of the iPhone or Samsung is more expensive than the previous one), which is exactly the opposite of what happened in the PC market. What is different about the smartphone market (or about...

If the government follows an income tax system in which personal income up to and including...

If the government follows an income tax system in which personal income up to and including K2500 is not taxed, income of K2501 to K5000 is taxed at 10%, and income over K5000 is taxed at 25%. a) What is the marginal tax rate for a family earning income equal to K6000? b) What is the average tax rate for a family earning income equal to K6000? c) How much revenue will the government raise from an individual earning K6000?...

The following cross-tabulation shows household income by educational level of the head of household Household Income...

The following cross-tabulation shows household income by educational level of the head of household Household Income ($1000s) Education Level Under 25 25.0 –49.9 50.0 – 74.9 75.0 – 99.9 100 or more Total Not H.S. Graduate 4,207 3,459 1,389 539 367 9,961 H.S. Graduate 4,917 6,850 5,027 2,637 2,668 22,099 Some College 2,807 5,258 4,678 3,250 4,074 20,067 Bachelor’s Degree 885 2,094 2,848 2,581 5,379 13,787 Beyond Bach. Deg. 290 829 1,274 1,241 4,188 7,822 Total 13,106 18,490 15,216 10,248...

The table shows the number of computers per household in the United States. Computers 0 1...

The table shows the number of computers per household in the United States. Computers 0 1 2 3 4 5 Number of households (in millions) 27 47 24 10 4 2 Construct a probability distribution. Graph the probability distribution using a histogram and describe its shape. Find the mean, variance, and standard deviation of the probability distribution and interpret the results. Find the probability of randomly selecting a household that has at least four computers.

The number of computers per household in a small town Computers 0 1 2 3 Households...

The number of computers per household in a small town Computers 0 1 2 3 Households 298 284 97 18 Find probability distribution Graph using a histogram Describe distribution shape

Develop a 90% confidence interval for the household income of subscribers. DATA Household Income ($) 58600...

Develop a 90% confidence interval for the household income of subscribers. DATA Household Income ($) 58600 54200 38500 148600 82100 64400 86200 177100 68300 67900 57300 83600 77500 68200 61900 57600 82300 64600 61100 31200 92600 68300 35100 85700 140300 108200 61100 33900 54400 61200 58000 90700 95200 50500 33800 147400 92600 66200 45700 60500 110600 60300 75700 70100 42100 41700 96900 65700 50200 61700 44500 51900 119100 49200 39000 35000 104700 49300 74000 57100 51400 62100 103000 97900 123100...

Jr Computers, a firm that manufactures and sell personal computers, is an all-equity firm with 1000,000...

Jr Computers, a firm that manufactures and sell personal computers, is an all-equity firm with 1000,000 shares outstanding, $10 million in earnings after taxes, and a market value of $150 million. Assume that this firm borrows$60 million at an interest rate of 8% and buys back 40,000 shares, using funds. If the firm’s tax rate is 50% a. The effect on earnings per share of the action b. What the interest rate on the debt would have to be for...

Axline Computers manufactures personal computers at two plants, one in Texas and the other in Hawaii....

Axline Computers manufactures personal computers at two plants, one in Texas and the other in Hawaii. The Texas plant has 35 employees; the Hawaii plant has 25. A random sample of 10 employees is to be asked to fill out a benefits questionnaire. (Round your answers to four decimal places.) (a) What is the probability that none of the employees in the sample work at the plant in Hawaii? (b) What is the probability that 1 of the employees in...

what are the differences between national income personal income and disposable personal income?

Question