a study of the demand for air travel between two cities depends on the airfare according to the following demand equation. q=55.9−0.023p
a. Find the elasticity when the price is
​$166.08.

Answers

Answer 1

The elasticity when the price is ​$166.08 is -0.08.

To find the elasticity at a price of ​$166.08, we need to use the formula:

Elasticity = (% change in quantity demanded) / (% change in price)

We can start by plugging in the given price into the demand equation:

q = 55.9 - 0.023p
q = 55.9 - 0.023(166.08)
q = 55.9 - 3.816
q = 52.084

So at a price of ​$166.08, the quantity demanded is approximately 52.084.

To calculate the elasticity, we need to determine how much the quantity demanded changes if the price changes. Let's say the price increases by 1%, or ​$1.66. We can use the demand equation again to find the new quantity demanded:

q' = 55.9 - 0.023(p + 1.66)
q' = 55.9 - 0.023(167.74)
q' = 55.9 - 3.858
q' = 52.042

So if the price increases by 1%, the new quantity demanded is approximately 52.042.

Now we can use the formula for elasticity:

Elasticity = (% change in quantity demanded) / (% change in price)
Elasticity = ((52.042 - 52.084) / 52.084) / (1.66 / 166.08)
Elasticity = (-0.0008 / 0.01) / 0.01
Elasticity = -0.08

Therefore, the elasticity at a price of ​$166.08 is -0.08. This means that the demand for air travel between the two cities is inelastic at this price point, as a 1% increase in price leads to less than a 1% decrease in quantity demanded.

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Related Questions

Find the area of the sector to the nearest whole number.
____mm2

Find the area of the triangle to the nearest whole number.
____mm2

Find the area of the segment to the nearest whole number using the area of the sector and triangle.
___mm2

Find the area of the sector to the nearest whole number. ____mm2Find the area of the triangle to the

Answers

The area of the of the triangle to the nearest whole number is 140mm²

What is are of triangle?

The territory included by a triangle's sides is referred to as its area. Depending on the length of the sides and the internal angles, a triangle's area changes from one triangle to another. Square units like m2, cm2, and in2 are used to express the area of a triangle.

The formula for the area of a triangle is: A = (1/2)bh

where A is the area of the triangle, b is the base of the triangle, and h is the height of the triangle.

The area of the triangle given in the figure will be 1/2 * b*h

A = 1/2*14*20

A = 140mm²

Hence the area of the triangle to the nearest whole number is 140mm².

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CAN SOMEONE HELP PLEASE.GIVING 25 POINTS

Luke recorded the grade-level and instrument of everyone in the middle school
School of Rock below.
Seventh Grade Students
Eighth Grade Students
Instrument # of Students
14
Instrument # of Students
Guitar
5
Bass
9
Drums
9
Keyboard
9
Guitar
Bass
Drums
Keyboard
13
15
6
Based on these results, express the probability that an eighth grader chosen at
random will play an instrument other than bass as a fraction in simplest form.

CAN SOMEONE HELP PLEASE.GIVING 25 POINTSLuke recorded the grade-level and instrument of everyone in the

Answers

Answer:

35/48

Step-by-step explanation:

You just want to focus on the 8th graders. Add add the total number of students together to get your denominator. Then just put what your # of  bass students are and that is your probability in fraction form. ( the fraction can't be simplified smaller than it already is.)

what is the sum of $13.89, $6.70, and $3.05 im to lazy to do it lol

Answers

Answer:

$23.64

Step-by-step explanation:

Enter the value of :

Enter the value of :

Answers

Answer:49

Step-by-step explanation: The square root of a number is a number that, when multiplied by itself, equals the desired value. So, for example, the square root of 49 is 7 (7x7=49). The process of multiplying a number times itself is called squaring.

Can you please help me with this?

Can you please help me with this?

Answers

Answer:

Step-by-step explanation:

\(S^{2}\)  is   ( \(q^{2}\)\(r^{3}\))^2

then

A = \(q^{2*2}\)\(r^{3*2}\)

A = \(q^{4}\)\(r^{6}\)

this looks much better   than r^ some big number :D  

Solve the equation. First combine any like terms on each side of the equation.
2z = 16 - 18
.....
The solution is z=

Solve the equation. First combine any like terms on each side of the equation.2z = 16 - 18.....The solution

Answers

Answer:

z= -1

Step-by-step explanation:

2z=16-18

2z= -2

z= -1

Answer:

2z=16-18

2z=-2

z=-1

Step-by-step explanation:

16-18=-2

and then divide by 2z on both sides

An object that is projected straight downward with initial
velocity v feet per second travels a distance s = vt + 16t2,
where t = time in seconds. If Ramón is standing on a
balcony 84 feet above the ground and throws a penny
straight down with an initial velocity of 10 feet per second,
in how many seconds will it reach the ground?
A. 2 seconds
B. 3 seconds
C. 6 seconds
D. 8 seconds

Answers

Answer: 2 seconds

Step-by-step explanation:

An object take 2 seconds to reach to the ground. option A is correct.

An object that is projected straight downward with initial velocity v feet pee second.
s = vt + 16t2
s = 84 feet and v = 10

What is Velocity?

Velocity is ratio of displacement to the time.

We have equation.
s = vt + 16t2
Now, put s =  84 and v = 10
84 = 10t+16t2
8t2+10t-42=0
Taking roots of equation.
We get t = 2 and -21/8
Since time couldn't be negative.
So,
t = 2  

Thus, An object take 2 seconds to reach to the ground.

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Connor is a 400m runner His median time is

Answers

Answer: 57.8

Step-by-step explanation:48.7 seconds + 49.3 seconds.= 57.8

if anybody can help it’ll be appreciated, thanks

if anybody can help itll be appreciated, thanks

Answers

Answer: 1 : E: -1, 1. F: -5,2. G: -4, 4. H: -3, 0.

2.: U:4,2 V: 4, -2. W: 1, -2

Step-by-step explanation:

I'm pretty sure thats correct, forgive me if I'm wrong.

2. Supposed the prevalence of Sudden infant death syndrome (SIDS) is 0.01%. At a local Maternity hospital 3 of the 100 newborn infants died of SIDS following birth. a. What is the probability of 3 dying of SIDS in this situation? b. In this situation would you find it alarming that this many died or would this be expected. Why or why not? (write 1-3 sentences explaining

Answers

The probability of 3 dying of SIDS in this situation is approximately 0.000227. The number of SIDS cases in this hospital is significantly higher than the expected rate.

a. The probability of 3 infants dying of SIDS in this situation can be calculated using the binomial probability formula:
P(X=k) = C(n,k) * p^k * (1-p)^(n-k)
Where:
P(X=k) is the probability of k successes (SIDS cases) in n trials (infants),
C(n,k) is the number of combinations of n items taken k at a time,
p is the probability of SIDS (0.0001),
n = 100 infants,
k = 3 SIDS cases.
P(3 SIDS cases in 100 infants) = C(100,3) * (0.0001)^3 * (1-0.0001)^(100-3)
After calculating, the probability is approximately 0.000227.

b. In this situation, it is alarming that many infants died of SIDS, as the probability of 3 deaths in 100 infants is very low (0.000227), much lower than the prevalence of 0.01%. This indicates that the number of SIDS cases in this hospital is significantly higher than the expected rate.

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How to solve system of equations using Gauss-Jordan elimination?

Answers

Gauss-Jordan Elimination is a technique for solving systems of linear equations and for determining the inverse of any invertible matrix.

What is meant by Gauss-Jordan elimination?

Gauss-Jordan Elimination is a method for finding the inverse of any invertible matrix and for solving systems of linear equations. It is based on the three simplest row operations one may do on a matrix: Place two of the rows in opposite positions. A nonzero scalar multiplied by one of the rows

Since a similar version was described by Wilhelm Jordan in 1888 in his book "Handbuch der Vermessungskunde" independently of B. I. Clasen, who published something similar in the same year, the procedure known as Gauss-Jordan elimination for converting a matrix into reduced echelon form also includes the name Jordan.

This method, which is also known as row reduction, has two steps: forward elimination and back substitution. These two Gaussian elimination method steps differ from one another not by the operations that can be performed through them but rather by the outcome that is obtained.

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Of the 50 members of a staff, 40 percent worked the day shift and the remaining 60 percent worked the night shift in a given week. Of the staff members, 80 percent prefer working the day shift and the remaining 20 percent prefer working the night shift. What is the minimum number of staff members who failed to receive his or her preference of shift that week

Answers

The minimal number of employees who did not get their preferred shift that week was 20.

Out of 50, 40% are on the day shift = 0.4*50 = 20 & 60% are on the night shift = 30.

But, 80% of 50 prefer day shift = 0.8*50 = 20 & 20% of 50 prefer night shift = 10.

We need to find the minimum no. of people who did not get their desired shift. Since slots for the night shift(30) are greater than the people who desired it (10). We can assume that among those 30-night shift slots, 10 were occupied by the ones who wanted the night shift. So, whoever wanted the night shift got the night shift.

But, for the day shifts the no. of slots (20) is less than the number of people who desired it (40). So, there are going to be 20 people who did not get what they desired.

Thus, 20  is the minimum number of staff members who failed to receive her preference of shift that week.

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Optimization A cone is made from a circular sheet of radium R by cutting out a sector and gluing the cut edges. What is the maximum volume of the cone

Answers

The cone should have its maximum volume. V=1/*3r2h is the formula for calculating the volume V of a cone with height h and radius r.

How do you find the maximum volume of a cone?

The cone has a volume of

V=πr2h/3

Therefore, we must calculate the values of r and h in terms of R. R is the diameter of the cone's top-circular circle, and h is the cone's height.

R is the cone's slant height, and it serves as the hypotenuse of a right triangle.

R2 = h2 + r2, or r2 = R2-h2.

So V = (1/3)π

[R2-h2]

h = (π/3)[R2h-h3]

You must take the derivative of the cone's volume, set it to zero, then solve for h to determine the cone's maximum volume.

dV/dh=(π/3)[R2-3h2]

R2-3h2=0 --> h2=R2/3 -> h = R/√3

Now we can determine r:

r2=R2-R2/3 = (2/3)R2

The volume formula with r and h substituted:

V = (π/3)

r2h = (π/3)(2R2/3)

(R/√3)

V(R)=2πR3/(9√3)

The complete question is:

A cone-shaped drinking cup is made from a circular piece of paper of radius R by cutting out a sector and joining the edges CA and CB. Find the maximum capacity of such a cup (Your answer may depend on R).

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Use the graph below, find f(10).
6points!!!

Use the graph below, find f(10).6points!!!

Answers

Answer:

the answer is a

tell me if it’s rite or wrong I did the work as best as I could

f(10) is undefined.

What is function?"It defines a relation between input and output values.""In function, for each input there is exactly one output."What is the graph of a function?

"It is the set of points on the coordinate plane which satisfies the given function."

For given question,

We need to find the value of a function at x = 10.

We can observe that, when x = 10, the function value 2 is denoted by an open circle.

This means the function do not have value 2 when x = 10

Therefore, f(10) is undefined.

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Convert these numbers into Scientific Notation

Convert these numbers into Scientific Notation

Answers

Answer:

1000=1×10^3

98000=9.8×10^4

\(\huge\boxed{\boxed{\textbf{Hi\:there!}}}}\)

First of all, when we convert numbers to scientific notation, we should recall what scientific notation looks like.

A number in scientific notation looks like that:

____x10^-

____ is the coefficient (it should always be between 1 and 10)

- is the exponent.

1,000 in Scientific notation looks like so:

10x10^2

Now, the exponent doesn't mean that we multiply 10 times 10. It means we take 10 and move the decimal point 2 units to the right (the positive exponent indicates that we move the decimal point to the right)

98,000 in Scientific notation looks like so:

9.8x10^4

\(\huge\boxed{\boxed{\sf{Hope\:this\:helps\:you!:)}}}\)

\(\large\textbf{Good\:luck!}\)

\(\large\mathfrak{LoveLastsAllEternity}\)

for which value of x does the graph of ()=3−32 3−5f(x)=x3−3x2 3x−5 have a horizontal tangent?

Answers

The graph of the function f(x) = \(x^3 - 3x^2 + 3x - 5\) has a horizontal tangent at x = 1.

To find the value of x at which the graph of the function has a horizontal tangent, we need to determine when the derivative of the function is equal to zero. The derivative of f(x) with respect to x can be found by differentiating each term of the function. Taking the derivative, we get f'(x) = 3\(x^{2}\) - 6x + 3.

To find the x-values where the derivative is equal to zero, we set f'(x) = 0 and solve for x. Setting 3\(x^{2}\) - 6x + 3 = 0, we can factor out a common factor of 3 to simplify the equation to x^2 - 2x + 1 = 0. This equation can be further factored as \((x - 1)^2\) = 0.

The equation \((x - 1)^2\) = 0 has a double root at x = 1, which means the graph of f(x) has a horizontal tangent at x = 1. This indicates that the slope of the tangent line at x = 1 is zero, resulting in a horizontal tangent. Therefore, the answer is x = 1.

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Kelsey bought an oil painting online. It cost $709 plus 25% shipping and handing. What was the total cost?

Answers

The answer is 886.25

Please help me! I’ll mark you as the brainiest but please don’t answer if you don’t know it

Please help me! Ill mark you as the brainiest but please dont answer if you dont know it

Answers

Answer:

x > 7

Step-by-step explanation:

If you look at the changes in degrees, you will see it get bigger on the bottom! That means the 7 will become smaller! Your Welcome!

Answer:

the answer is B bro

Step-by-step explanation:

Perimeter is 25 cm, find x 10 8.2 cm​

Answers

The value of x is 3.4 cm

whats the answer for y=-\(\frac{2}{3}\)x+4 and y=\(\frac{1}{3}\)x-2

Answers

Step-by-step explanation:

\(y = -\frac{2}{3}x + 4\)

\(y = \frac{1}{3}x - 2\)

Since both equations are set equal to \(y\), we can take the right-hand side of each equation and set them equal to each other to solve for \(x\):

\(-\frac{2}{3}x + 4 = \frac{1}{3}x - 2\)

\(-\frac{2}{3}x - \frac{1}{3}x = -2 - 4\)

\(-x = -6\)

\(x = 6\)

Now we can plug this value into either equation to solve for \(y\):

\(y = \frac{1}{3}x - 2\)

\(y = \frac{1}{3}(6) - 2\)

\(y = 2 - 2\)

\(y = 0\)

So the solution to the system of equations is \((6, 0)\)

prove that either x or y is divisible by 3 in primitive pythagorean triple

Answers

In a primitive Pythagorean triple, the sides a, b, and c are all integers, and they satisfy the equation a^2 + b^2 = c^2.

Now, let's assume that neither x nor y is divisible by 3. This means that x and y can only be 1, 2, 4, 5, 7, or 8 modulo 3. Therefore, x^2 and y^2 can only be 1 or 4 modulo 3. Now, let's consider the equation a^2 + b^2 = c^2 mod 3. If a and b are both 1 or both 2 modulo 3, then their squares will add up to 2 modulo 3, which is not a quadratic residue. Therefore, one of a and b must be 0 modulo 3, and hence, c must also be divisible by 3. We assumed that neither x nor y is divisible by 3. We then looked at the possible residues of x and y modulo 3 and saw that they can only be 1, 2, 4, 5, 7, or 8 modulo 3. We then used the fact that the sum of two quadratic residues is not a quadratic residue modulo 3, and concluded that one of a and b in the Pythagorean triple must be divisible by 3.

In conclusion, either x or y in a primitive Pythagorean triple must be divisible by 3. This is a result of the fact that the sum of two quadratic residues is not a quadratic residue modulo 3.

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How many real roots does the polynomial 2x^3+8x-7 have?

Answers

One.

And you don’t need to calculate them to know that.

First, you know that polynomials of grade three have either one or three real roots. Second, you know that to have three real roots, they have to have a local maximum and a local minimum.

Take the derivative of your polynomial

()′()=23+8−7=62+8 f(x) =2
x
3
+8x−7
f

(x) =6
x
2
+8

Find the possible zeros of the derivative

′()=62+8=0
f

(
x
)
=
6
x
2
+
8
=
0

and see that there are no real zeros of the derivative. So the polynomial has no local maxima or minima, so it has exactly one real zero.

For the same reason every polynomial of the form

3++
a
x
3
+
b
x
+
c

with ,>0
a
,
b
>
0
has exactly one real root

15



2

2) The representative agent lives for infinite periods (0,1,2,…) and receives exogenous incomes of y0​,y1​,y2​,…, respectively. The lifetime present discounted value of utility is given by: ∑t=0[infinity]​βtln(ct​) with β(<1) being the discount factor and ct​ is consumption at time t. The agent is allowed to save or borrow at the real interest rate r, but she cannot die with debt or wealth. Assume also that the initial wealth is zero. a. Solve the optimization problem of the agent using the period-by-period budget constraints. In particular, show the Euler equation. b. Using the given functional form, write the Euler equation between time 1 and time 3 . In other words, show how c1​ and c3​ are related. c. Write the present discounted value of optimal lifetime consumption as a function of c0​ (and, potentially, other parameters or exogenous variables). d. Write the present discounted value of optimal lifetime utility as a function of c0​ (and, potentially, other parameters or exogenous variables). e. Find the present discounted value of lifetime income as a function of y0​ (and, potentially, other parameters or exogenous variables) when income is growing each period at the rate of γ, where 0<γ0 ? Explain!

Answers

a. U'(ct) = β(1 + r)U'(ct+1). This equation is known as the Euler equation, which represents the intertemporal marginal rate of substitution between consumption at time t and consumption at time t+1.

b. U'(c1) = β(1 + r)^2U'(c3). This relationship shows that the marginal utility of consumption at time 1 is equal to the discounted marginal utility of consumption at time 3.

c. C0 = ∑t=0[infinity]​(β(1 + r))^tct. This equation represents the sum of the discounted values of consumption at each period, where the discount factor β(1 + r) accounts for the diminishing value of future consumption.

d.  U0 = ∑t=0[infinity]​(β(1 + r))^tln(ct). This equation represents the sum of the discounted values of utility at each period, where the discount factor β(1 + r) reflects the time preference and the logarithmic utility function captures the agent's preference for consumption.

Y0 = y0 + (1 + γ)y1 + (1 + γ)^2y2 + ..., where γ represents the growth rate of income.

a. The optimization problem of the representative agent involves maximizing the present discounted value of utility subject to the period-by-period budget constraint. The Euler equation is derived as follows:

At each period t, the agent maximizes the utility function U(ct) = ln(ct) subject to the budget constraint ct = (1 + r)wt + yt, where wt is the agent's wealth at time t. Taking the derivative of U(ct) with respect to ct and applying the chain rule, we obtain: U'(ct) = β(1 + r)U'(ct+1). This equation is known as the Euler equation, which represents the intertemporal marginal rate of substitution between consumption at time t and consumption at time t+1.

b. The Euler equation between time 1 and time 3 can be written as U'(c1) = β(1 + r)U'(c2), where c1 and c2 represent consumption at time 1 and time 2, respectively.

Similarly, we can write the Euler equation between time 2 and time 3 as U'(c2) = β(1 + r)U'(c3). Combining these two equations, we fin

d U'(c1) = β(1 + r)^2U'(c3). This relationship shows that the marginal utility of consumption at time 1 is equal to the discounted marginal utility of consumption at time 3.

c. The present discounted value of optimal lifetime consumption can be written as C0 = ∑t=0[infinity]​(β(1 + r))^tct. This equation represents the sum of the discounted values of consumption at each period, where the discount factor β(1 + r) accounts for the diminishing value of future consumption.

d. The present discounted value of optimal lifetime utility can be written as U0 = ∑t=0[infinity]​(β(1 + r))^tln(ct).

This equation represents the sum of the discounted values of utility at each period, where the discount factor β(1 + r) reflects the time preference and the logarithmic utility function captures the agent's preference for consumption.

e. The present discounted value of lifetime income, denoted as Y0, can be expressed as Y0 = y0 + (1 + γ)y1 + (1 + γ)^2y2 + ..., where γ represents the growth rate of income. The income in each period is multiplied by (1 + γ) to account for the increasing income over time.

This assumption of income growth allows for a more realistic representation of the agent's economic environment, where income tends to increase over time due to factors such as productivity growth or wage increases.

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La suma de las edades de A y B es 23 años y el producto es 102 años. Hallar ambas edades

Answers


A+B=23 (17+6= 23)
A*B=102 (17*6= 102)

Las edades serían 17 y 6 años

The following ages combination is possible -

[A] = 17 and [B] = 6

or

[A] = 6 and [B] = 17

What is Equation Modelling?

Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.

Given is sum of the ages of A and B as 23 years and their product is 102 years.

Assume that the age of A is [x] years and of B is [y] years. So, we can write -

x + y = 23

xy = 102

Refer to the graph attached. It shows two points of intersection as -

(17, 6)  and  (6, 17).

Therefore, the following ages combination is possible -

[A] = 17 and [B] = 6

or

[A] = 6 and [B] = 17

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[Question translation in english -

The sum of the ages of A and B is 23 years and the product is 102 years. find both ages.]

La suma de las edades de A y B es 23 aos y el producto es 102 aos. Hallar ambas edades

Evaluate 2X^2 + 3X -10 for the domain of {-2, 3}

Answers

The values of the expression at the domain {-2, 3} are {-8, 4}

How to evaluate the expression for the domain?

The expression is given as

2x^2 + 3x - 10

The domain of the function is given as

{-2, 3}

Rewrite the domain as

x = {-2, 3}

Next, we substitute these values of x in the expression 2x^2 + 3x - 10

So, we have

x = -2:⇒ 2(-2)^2 + 3(-2) - 10 = -8

x = 2:⇒ 2(2)^2 + 3(2) - 10 = 4

Hence, the values of the expression at the domain {-2, 3} are {-8, 4}

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On the boardwalk at the beach there were beach towels for sale. They were $20.98 each. Marie’s mom bought 5 of them. About how much did he spend?

Answers

Answer:

$104.9

Step-by-step explanation:

If there's no tricks to this problem it should just be 20.98 • 5.

If she bought 5 towels that where $20.98

it's 104.9

ps Marie's mom needs to find cheaper towels

A code ue for 1 for A, 2 for B, 3 for C and o on upto 26 for Z. Coded word are written without pace to confue the enemy o 18 could be AH or R. Decode the following meage

Answers

The code 1814151418 decodes to RADE using a simple substitution cipher, where each letter is replaced with a different letter or number. To decipher the message, one must know the key, which is the code that maps each letter to a number

The code provided indicates that each number corresponds to a letter in the alphabet. Since 1 is A, 2 is B, and so on, the code 1814151418 would decode as RADE. This is an example of a simple substitution cipher, a type of encryption where each letter is replaced with a different letter or number. To decipher the message, one must know the key, which in this case is the code that maps each letter to a number. Knowing this, it is a simple task to decode any message that has been encrypted with this code.

The code 1814151418 decodes to RADE using a simple substitution cipher, where each letter is replaced with a different letter or number. To decipher the message, one must know the key, which is the code that maps each letter to a number

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Find the equation of the line shown.

Find the equation of the line shown.

Answers

Answer:

y = -2x + 9

Step-by-step explanation:

The standard form of a linear function is y = mx + b, where m is the slope and b is the y-intercept.

The line intersects the y-axis at 9, thus b = 9.
The slope formula is rise/run. The line falls 2 and runs 1, thus m = -2/1, or -2.

y = -2x + 9

Express 140 as a product of its prime factors

Answers

Answer:

140=7×2×2×5

Step-by-step explanation:

factor the trinomial below. x^2+13x+42

Answers

Answer:

(x + 6)(x + 7)

Step-by-step explanation:

To factor the trinomial x^2 + 13x + 42, we need to find two numbers that multiply to 42 and add up to 13.

One way to do this is to list all the pairs of factors of 42 and see which pair adds up to 13:

1, 42 -> 1 + 42 = 43

2, 21 -> 2 + 21 = 23

3, 14 -> 3 + 14 = 17

6, 7 -> 6 + 7 = 13

So the pair of factors that we want is 6 and 7. We can use these numbers to rewrite the middle term of the trinomial:

x^2 + 13x + 42 = x^2 + 6x + 7x + 42

Next, we can group the first two terms and the last two terms:

x^2 + 6x + 7x + 42 = (x^2 + 6x) + (7x + 42)

Now, we can factor out the greatest common factor from each group:

x(x + 6) + 7(x + 6)

Notice that we have a common factor of (x + 6) in both terms. We can factor this out:

(x + 6)(x + 7)

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