Eight more than the product of two and a number x
2 answers:
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Answer:
30.31%
Step-by-step explanation:
Mark up on selling price is given by markup*100%/selling price
In this case, markup is given as $870 while the selling price is $2870 hence the percentage of narkup to selling price will be given by
Therefore, the percentage of markup to selling price is approximately 30.31%
Answer:
We do not have sufficient evidence to reject the claim that ,the rate of inaccurate orders is equal to 10%.
Step-by-step explanation:
We want to use a 0.01 significance level to test the claim that the rate of inaccurate orders is equal to 10%.
We set up our hypothesis to get:
------->null hypothesis
------>alternate hypothesis
This means that:
Also, we have that, one restaurant had 36 orders that were not accurate among 324 orders observed.
This implies that:
The test statistics is given by:
We substitute to obtain:
This simplifies to:
We need to calculate our p-value.
P(z>0.6)=0.2743
Since this is a two tailed test, we multiply the probability by:
The p-value is 2(0.2723)=0.5486
Since the significance level is less than the p-value, we fail to reject the null hypothesis.
We do not have sufficient evidence to reject the claim that ,the rate of inaccurate orders is equal to 10%.