Solve the Problem. -The Cost in Millions of Dollars for a Company to a Company

question 195

Multiple Choice

Solve the problem.
-The cost in millions of dollars for a company to manufacture x thousand automobiles is given by the function C(x) = 4x2 - 16x + 32. Find the number of automobiles that must be produced to minimize the cost.

• A) 16 thousand automobiles
• B) 4 thousand automobiles
• C) 2 thousand automobiles
• D) 8 thousand automobiles

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Definitions:

Relationship

The method of connection between two or more concepts, objects, or individuals, or the existence of such a connection.

Degrees Of Freedom

The count of distinct values or measures that can be attributed to a statistical distribution while adhering to all restrictions.

Parameters Estimated

Quantitative values derived from statistical modeling used to represent characteristics of a population based on sample data.

Normal Population

A population distribution that follows a normal (Gaussian) curve, where all measures of central tendency (mean, median, and mode) are equal and most of the data falls close to the mean.