The Following Tables Give Annual Production Costs and Profits at Gauss

question 133

Multiple Choice

The following tables give annual production costs and profits at Gauss Jordan Sneakers.
$$\begin{array}{l}\begin{array} { | l | l | l | l | } \hline \text { Production costs } & \mathbf { 2 0 0 1 } & \mathbf { 2 0 0 2 } & \mathbf { 2 0 0 3 } \\\hline \text { Gauss Grip } & \$ 1,100 & \$ 2,700 & \$ 3,500 \\\hline \text { Air Gauss } & \$ 1,000 & \$ 1,800 & \$ 2,900 \\\hline \text { Gauss Gel } & \$ 1,900 & \$ 2,800 & \$ 1,200 \\\hline\end{array}\\\\\begin{array} { | l | l | l | l | } \hline \text { Profits } & \mathbf { 2 0 0 1 } & \mathbf { 2 0 0 2 } & \mathbf { 2 0 0 3 } \\\hline \text { Gauss Grip } & \$ 17,000 & \$ 13,000 & \$ 24,000 \\\hline \text { Air Gauss } & \$ 8,000 & \$ 16,000 & \$ 13,000 \\\hline \text { Gauss Gel } & \$ 6,000 & \$ 12,000 & \$ 20,000 \\\hline\end{array}\end{array}$$
Write the matrix algebraic formula to compute the revenues from each sector each year.

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Definitions:

Representative Sample

A subset of a population that accurately reflects the members of the entire population, used in statistical analysis.

Experimenter Bias

A form of bias introduced by the experimenter's expectations or personal beliefs affecting the outcome of research.

Clever Hans Effect

The phenomenon where individuals subconsciously influence the outcome of a study due to their expectations.

Double-blind Study

A research method in which neither the participants nor the experimenters know who is receiving a particular treatment, thereby eliminating bias.