Solve the Problem $y$ , to Build an Oil Platform Of $x$

question 633

Multiple Choice

Solve the problem. Round to two decimal places unless otherwise indicated.
-Suppose the cost per ton, $y$ , to build an oil platform of $x$ thousand tons is approximated by $y = \frac { 262,500 } { x + 525 }$ . What is the cost per ton for $x = 400$ ?

• A) $113,513.51
• B) $131.25
• C) $283.78
• D) $200,000.00

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Definitions:

Inferential Statistics

Uses mathematical models, theories, and hypotheses to make predictions about a broader population based on observed sample data.

MANOVA

Multiple analysis of variance. This procedure is used when there are multiple dependent variables. See also ANOVA.

Multivariate Analysis

A statistical approach that examines the relationship between multiple variables in order to understand patterns and influences.

Statistical Significance

The probability that a computed statistic such as a t-test or correlation is not due to chance.