An Experimenter Is Studying the Effects of Temperature, Pressure, and Type

question 9

Essay

An experimenter is studying the effects of temperature, pressure, and type of catalyst on yield from a certain chemical reaction. Three different temperatures, four different pressures, and five different catalysts are under consideration.
a. If any particular experimental run involves the use of a single temperature, pressure, and catalyst, how many experimental runs are possible?
b. How many experimental runs are there that involve use of the lowest temperature and two lowest pressures?

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Definitions:

Net Income

This is the amount of earnings left after all expenses and taxes have been subtracted from revenue.

Average Common Stockholders' Equity

A financial metric calculated as the average equity held by common stockholders over a period, typically used in performance analysis.

Return on Equity

A measure of financial performance calculated by dividing net income by shareholder equity, indicating how effectively a company uses invested capital to generate profit.

Earnings Per Share

A company's profit divided by the number of outstanding shares of its common stock.