A typical outdoor porch light is rated at 40 Watts (W). How many kilowatt-hours (kWh) does...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A typical outdoor porch light is rated at 40 Watts (W). How many kilowatt-hours (kWh) does a 40W porch light use in one day? (In 24 hours.) (b) How much would it cost to leave the porch light on for the entire month of September using the rates listed in Figure 1? (c) If your bill indicated you spent $10 on off-peak electricity (and nothing else), could you calculate how much energy (in kWh) you used? Does your ability to calculate your total energy usage change if your bill only listed a total dollar amount for all three usages rates? (d) Electricity rates in Ontario have decreased since the start of the pandemic (unlike in many other jurisdictions). On January 1, 2020, the off-peak rate was 12.8 cents/kWh and on May 1, 2022 the same tier is 8.2 cents/kWh. If we assume a continuous compounding model, the off-peak rate R(t) as a function of t months since January 1, 2020 is given by R(t)=Roe where R is the rate on January 1, 2020. Find an exact formula for R(t) = Reet by determining the values for Re and r. Answer in exact form (do not round any values). (e) Use your answer in (d) to compute the predicted off-peak electricity rate on January 1, 2025 and on January 1, 2035. Use a calculator to round your final answers to 2 decimal places. Based on your answers, comment briefly on whether this mathematical model for the cost of electricity seems suitable for long-term predictions. A typical outdoor porch light is rated at 40 Watts (W). How many kilowatt-hours (kWh) does a 40W porch light use in one day? (In 24 hours.) (b) How much would it cost to leave the porch light on for the entire month of September using the rates listed in Figure 1? (c) If your bill indicated you spent $10 on off-peak electricity (and nothing else), could you calculate how much energy (in kWh) you used? Does your ability to calculate your total energy usage change if your bill only listed a total dollar amount for all three usages rates? (d) Electricity rates in Ontario have decreased since the start of the pandemic (unlike in many other jurisdictions). On January 1, 2020, the off-peak rate was 12.8 cents/kWh and on May 1, 2022 the same tier is 8.2 cents/kWh. If we assume a continuous compounding model, the off-peak rate R(t) as a function of t months since January 1, 2020 is given by R(t)=Roe where R is the rate on January 1, 2020. Find an exact formula for R(t) = Reet by determining the values for Re and r. Answer in exact form (do not round any values). (e) Use your answer in (d) to compute the predicted off-peak electricity rate on January 1, 2025 and on January 1, 2035. Use a calculator to round your final answers to 2 decimal places. Based on your answers, comment briefly on whether this mathematical model for the cost of electricity seems suitable for long-term predictions.
Expert Answer:
Answer rating: 100% (QA)
a To calculate how many kilowatthours kWh a 40W porch light uses in one day 24 hours we can use the formula Energy kWh Power kW Time hours Since 1 kil... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
You and a friend from university days have been tramping through the wet BC hinterland hunting moose and whatever else might cross your path. One day, right in the middle of the bush, both of you...
-
Let V be the volume of a can of radius r and height h, and let S be its surface area (including the top and bottom). Find r and h that minimize S subject to the constraint V = 54.
-
A gas is irradiated with monochromatic ultraviolet light of 368 nm wavelength. Scattered light of the same wavelength and of 658 nm wavelength is observed. Assuming that the gas atoms were in their...
-
Co Y is an 80%-owned subsidiary of USCo. The functional currency of Co Y is the Singapore dollar. The functional currency of USCo is the US dollar. The financial statements kept in Singapore dollars...
-
Follow the steps below to prove the LLN without using CLT. (a) Let \(X\) be a random variable with mean \(\mu\) and variance \(\sigma^{2}\). Then for any real number \(\alpha>0,...
-
FIFO and LIFOPeriodic and Perpetual Inventory information for Part 311 of Seminole Corp. discloses the following information for the month of June. June 1 Balance 300 units @ $10 June 10 Sold 200...
-
How can the relationship between Online Analytical Processing (OLAP) systems and Customer Relationship Management (CRM) bolster an organization's marketing efforts?
-
The following is the pre-closing trial balance for Christina Rehabilitation Hospital as of September 30, 2020. Required a. Prepare a statement of operations and a statement of changes in net assets...
-
The following is a probability distribution for the number of bypass surgeries (x) perfomed at a large hospital during a one-month period. P(x) 0.20 0.18 0.16 0.14 0.12 0.10 0.00 0.06 0.04 0.02 0.00...
-
National banks are owned by Group of answer choices Credit union the bank's depositers greedy rich people the bank's shareholders
-
Give a detail analysis with examples and references to work Question 1 - Scenario: During the initiation phase of a software development project, stakeholders express conflicting opinions about the...
-
How is the disposal group of a long - lived asset held for sale reported ? Long - lived assets held for sale are reported with other long - lived assets . Assets and liabilities of the disposal group...
-
Define supportive leadership behaviors and list their effectiveness (positive). Provide two specific and detailed hospitality leadership examples; explain why those behaviors are effective in your...
-
Recompute the setup cost and the holding costs based on only idle time of hourly line workers only (for setup) and the opportunity cost of investing in marketing, and other expenses only (for holding...
-
Using the sample transaction data, you want to determine if a profit can be predicted based on customers' age and their ratings about the product sold. What would be the null hypothesis for the...
-
Create a data model for one of the processes in the end-of-chapter Exercises for Chapter 4. Explain how you would balance the data model and process model.
-
Leslie and Leon Lazo are married and file a joint return for 2012. Leslie's Social Security number is 466-47-3311 and Leon's is 467-74-4451. They live at 143 Snapdragon Drive, Reno, NV 82102. For...
-
In 2012, Lou has a salary of $54,000 from her job. She also has interest income of $1,700. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a...
-
On September 14, 2012, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $35,000, and Jay uses the...
-
A strain rosette consisting of three strain gauges was used to measure the strains at a point in a thin plate of dimensions \(100 \times 20 \times 1 \mathrm{~mm}\). The measured strains in the three...
-
A particle of mass \(m\) slides inside a smooth hemispherical bowl of radius \(R\). Beginning with spherical coordinates \(r, \theta\) and \(\varphi\) to describe the dynamics, select generalized...
-
A small block of mass \(m\) and a weight of mass \(M\) are connected by a string of length \(D\). The string has been threaded through a small hole in a tabletop, so the block can slide without...
Study smarter with the SolutionInn App