Brandon's Furniture Store buys a sofa at a wholesale price of $ 9 7 . 0 0 $97.00dollar sign, 97, point, 00. If the markup rate a
2 answers:
Answer:
Step-by-step explanation:
Hello, great question. These types are questions are the beginning steps for learning more advanced Algebraic Equations.
We need to first turn the percent into a decimal. Since the markup rate at Brandon's furniture is 40% then the <u><em>percent in decimal form</em></u> would be 0.40.
Since markup is a higher price than the wholesale price then we need to add 1 to the percent and then <u>multiply</u> it by the wholesale price in order to find the final price of the sofa at Brandon's Store.
Finally, we can see that the Sofa at Brandon's Store will cost $135.80 after adding a markup of $38.80
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
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Answer:
P-value = 0.1515
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = 2.2
Sample mean, = 2
Sample size, n = 52
Alpha, α = 0.05
Population standard deviation, σ = 1.4
First, we design the null and the alternate hypothesis
We use one-tailed(left) z test to perform this hypothesis.
Formula:
Putting all the values, we have
Now, we calculate the p-value from the normal standard table.
P-value = 0.1515