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1 year ago

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The number of hamburger sales per week at a fast food restaurant is 350. The number of weekly sales goes down by 30. 0 hamburger

s per week when the price of a hamburger is increased by 12%. Find the relative change in weekly sales

1 answer:

Airida [17]1 year ago

8 0

The relative change in weekly sales is mathematically given as

relative change= -12.857%

This is further explained below.

<h3>What is the relative change in weekly sales?</h3>

This Sale per week after the price decreases

=350-45

=305

Generally, the equation for relative change is mathematically given as

$\left(\frac{\text { final Value - Intial value }}{\text { Intial value }}\right) \times 100 \%$$

Hore final value =305 week

Initial Value =350 week

Relative Change $=\left(\frac{305-350}{350}\right) \times 100$

$&=\frac{-45}{350} \times 100$ \\

=-12.857%

Read more about relative change

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cestrela7 [59]

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3 years ago

(A) A small business ships homemade candies to anywhere in the world. Suppose a random sample of 16 orders is selected and each

Leviafan [203]

Following are the solution parts for the given question:

For question A:

$\to (n) = 16$

$\to (\bar{X}) = 410$

$\to (\sigma) = 40$

In the given question, we calculate $90\%$ of the confidence interval for the mean weight of shipped homemade candies that can be calculated as follows:

$\to \bar{X} \pm t_{\frac{\alpha}{2}} \times \frac{S}{\sqrt{n}}$

$\to C.I= 0.90\\\\\to (\alpha) = 1 - 0.90 = 0.10\\\\ \to \frac{\alpha}{2} = \frac{0.10}{2} = 0.05\\\\ \to (df) = n-1 = 16-1 = 15\\\\$

Using the t table we calculate $t_{ \frac{\alpha}{2}} = 1.753$ When $90\%$ of the confidence interval:

$\to 410 \pm 1.753 \times \frac{40}{\sqrt{16}}\\\\ \to 410 \pm 17.53\\\\ \to392.47 < \mu < 427.53$

So $90\%$ confidence interval for the mean weight of shipped homemade candies is between $392.47\ \ and\ \ 427.53$ .

For question B:

$\to (n) = 500$

$\to (X) = 155$

$\to (p') = \frac{X}{n} = \frac{155}{500} = 0.31$

Here we need to calculate $90\%$ confidence interval for the true proportion of all college students who own a car which can be calculated as

$\to p' \pm Z_{\frac{\alpha}{2}} \times \sqrt{\frac{p'(1-p')}{n}}$

$\to C.I= 0.90$

$\to (\alpha) = 0.10$

$\to \frac{\alpha}{2} = 0.05$

Using the Z-table we found $Z_{\frac{\alpha}{2}} = 1.645$

therefore $90\%$ the confidence interval for the genuine proportion of college students who possess a car is

$\to 0.31 \pm 1.645\times \sqrt{\frac{0.31\times (1-0.31)}{500}}\\\\ \to 0.31 \pm 0.034\\\\ \to 0.276 < p < 0.344$

So $90\%$ the confidence interval for the genuine proportion of college students who possess a car is between $0.28 \ and\ 0.34.$

For question C:

In question A, We are $90\%$ certain that the weight of supplied homemade candies is between 392.47 grams and 427.53 grams.
In question B, We are $90\%$ positive that the true percentage of college students who possess a car is between 0.28 and 0.34.

Learn more about confidence intervals:

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