Application of linear functions in Economics (or) Application of straight lines in Economics The linear function is one in which ‘y’ is the first degree expression in ‘x’‚ i.e.‚ y = ax + b. The graph of this function is a straight line. The co-efficient of x represents the slope of the line. If a > 0‚ then the lines are upward sloping‚ and if a < 0‚ then the lines are downward sloping Let us explain certain linear equations used in Economics and business. 1. Linear cost curves
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Dividend Policy at Linear Technology Of the 16 companies on the SOX index‚ six paid dividends and Linear Technology is one of them started at the second quarter in 1993 which is 5.3 million in total. However‚ in the case‚ according to Coghlan‚ “The quarterly dividend was initially set at $0.05 per share. This amounted to $8.3 million‚ or 15% of FY 1994 earnings.” And their most recent dividend in 2002(cause in the exhibit2‚ there’s only threes quarter’s data in 2003‚ so that’s why I choose 2002
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A company produces accessories for smart phones and tablets. The profit on each smart phone case is $2 and the profit on each tablet case is $3. The company made a profit of $1‚200 on the cases last month. The equation 2x + 3y = 1‚200 represents the company’s profit from cases last month‚ where x is the number of smart phone cases sold and y is the number of tablet cases sold. Change the equation into slope-intercept form. Identify the slope and y-intercept of the equation. Be sure to show all
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Simple Linear Regression Model 1. The following data represent the number of flash drives sold per day at a local computer shop and their prices. | Price (x) | Units Sold (y) | | $34 | 3 | | 36 | 4 | | 32 | 6 | | 35 | 5 | | 30 | 9 | | 38 | 2 | | 40 | 1 | | a. Develop as scatter diagram for these data. b. What does the scatter diagram indicate about the relationship between the two variables? c. Develop the estimated regression equation and explain what the
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Topics on "Operational Research" Mar. 2007‚ IST Linear Programming‚ an introduction MIGUEL A. S. CASQUILHO IST‚ Universidade Técnica de Lisboa‚ Ave. Rovisco Pais‚ IST; 1049-001 Lisboa‚ Portugal Linear Programming is presented at an introductory level‚ mainly from the book by Hillier and Lieberman [2005]‚ abridged and adapted to suit the objectives of the “Operational Research” course. It begins with segments of its third chapter. Key words: linear programming; simplex method. I. Fundamentals
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It seems that the Renaissance (1300-1700)‚ methods of presenting the surrounding world in a flat pictorial plane using linear perspective‚ has dictated the way artists have worked for countless centuries. Linear perspective is a technique used by artists that uses line to create the illusion of depth and space within their work. However this approach is only a representation created using a singular eye. This method of working is suggested to have originated from Leon Battista Alberti’s (1404-1472)
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or comparison purposes we also ran a triangular distribution to compensate for the lack of symmetry around the expected mean‚ but the results were broadly similar so we will discuss the results based on the truncated normal distribution. Results: Original Estimate The average total cost of the original over booking settings (5% and 20% respectively‚ shown in red below) is £9‚154. The reason this is higher than Jane’s estimate is that hers was only a single average
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Linear Model of Policy Process and its critics Student: Ninia Machavariani Instructor: Dr. Stephen L. Harris Variously called the linear‚ but also known as rational model‚ this model is the most widely-held in the processes where policy is made. It outlines policy-making as a problem solving process which is rational‚ balanced‚ objective and analytical. In the model‚ decisions are made in a series of sequential phases‚ starting with the identification of a problem or issue‚ and
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Proceedings of the 2010 International Conference on Industrial Engineering and Operations Management Dhaka‚ Bangladesh‚ January 9 – 10‚ 2010 Application of Integer Linear Programming Model for Vendor Selection in a Two Stage Supply Chain A. John Rajan Department of Mechanical and Production Engineering Sathyabama University‚ Chennai‚ India K. Ganesh Senior consultant‚ Global Business Services‚ IBM India Private Limited‚ Mumbai‚ India K.V. Narayanan Controller of Examinations‚ Sathyabama
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The purpose of this project is to solve the game of Light’s Out! by using basic knowledge of Linear algebra including matrix addition‚ vector spaces‚ linear combinations‚ and row reducing to reduced echelon form. | Lights Out! is an electronic game that was released by Tiger Toys in 1995. It is also now a flash game online. The game consists of a 5x5 grid of lights. When the game stats a set of lights are switched to on randomly or in a pattern. Pressing one light will toggle it and the lights
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