The breakeven point is the total fixed cost divided by the difference between the selling price and the variable cost per unit. if a business has a fixed cost of $7,000 for an item, variable cost of $30, and selling price of $100, find the breakeven point.

Farmers know that driving heavy equipment on wet soil compresses the soil and injures future crops. here are data on the "penetrability" of the same type of soil at two levels of compression. penetrability is a measure of how much resistance plant roots will meet when they try to grow through the soil. compressed soil 2.85 2.66 3 2.82 2.76 2.81 2.78 3.08 2.94 2.86 3.08 2.82 2.78 2.98 3.00 2.78 2.96 2.90 3.18 3.16 intermediate soil 3.17 3.37 3.1 3.40 3.38 3.14 3.18 3.26 2.96 3.02 3.54 3.36 3.18 3.12 3.86 2.92 3.46 3.44 3.62 4.26 use the data, omitting the high outlier, to give a 95% confidence interval for the decrease in penetrability of compressed soil relative to intermediate soil. compute degrees of freedom using the conservative method. interval: to