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Naddik [55]
1 year ago
6

A music store sells music equipment at a 35%

Mathematics
1 answer:
Talja [164]1 year ago
4 0

The selling price of an equipment costing $150.00 with 35% markup is $202.50

<h3>What is an equation?</h3>

An equation is an expression that shows the relationship between two numbers and variables.

An independent variable is a variable that does not depend on any other variable for its value whereas a dependent variable is a variable that depend on any other variable for its value.

Given that the mark up is 35%, hence:

Markup = [(selling price - cost price)/cost price] * 100%

Substituting:

$202.50

Selling price = $202.50

The selling price of an equipment costing $150.00 with 35% markup is $202.50

Find out more on equation at: brainly.com/question/2972832

#SPJ1

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Answer & Step-by-step explanation:

The confidence interval formula is:

I (1-alpha) (μ)= mean+- [(Z(alpha/2))* σ/sqrt(n)]

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n= number of observations. In this case, 15

(a)

Z(alpha/2)= is the critical value of the standardized normal distribution. The critical valu for z(5%) is 1.645

Then, the confidence interval (90%):

I 90%(μ)= 37+- [1.645*(5/sqrt(15))]

I 90%(μ)= 37+- [2.1236]

I 90%(μ)= [37-2.1236;37+2.1236]

I 90%(μ)= [34.8764;39.1236]

(b)

Z(alpha/2)= Z(2.5%)= 1.96

Then, the confidence interval (90%):

I 95%(μ)= 37+- [1.96*(5/sqrt(15)) ]

I 95%(μ)= 37+- [2.5303]

I 95%(μ)= [37-2.5303;37+2.5303]

I 95%(μ)= [34.4697;39.5203]

(c)

Z(alpha/2)= Z(0.5%)= 2.5758

Then, the confidence interval (90%):

I 99%(μ)= 37+- [2.5758*(5/sqrt(15))

I 99%(μ)= 37+- [3.3253]

I 99%(μ)= [37-3.3253;37+3.3253]

I 99%(μ)= [33.6747;39.3253]

(d)

C. The interval gets wider as the confidence level increases.

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Step-by-step explanation:

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We are going to rewrite both numbers:
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