Let x = Initial Price
If we increase x by 5%, we are adding 0.05x
Therefore, the new price = x + 0.05x = 1.05x
If the ticket has increased by £2.30, £2.30 is 5% of the initial price, or 0.05x
0.05x = 2.30
x = 2.30/0.05
x = 46
Therefore, the price of the ticket before the increase was £46
You can also check this backwards by doing 46*0.05 = 2.30
A manager wants to test whether two normally distributed and independent populations have equal variances. the appropriate test statistic for this test is a "F-statistics."
<h3>
What is F-statistics?</h3>
An F statistic is a value obtained after performing an ANOVA test or even a regression analysis to determine whether the means of two populations differ significantly.
Some key features regarding the F-statistics are-
- It is comparable to a T statistic from the a T-Test; a T-test would then inform you when a single result is statistically significant, whereas a F test would then tell you if a set of variables is statistically significant.
- When determining whether your total results are significant, you must use the F statistic in conjunction with the p value. Why?
- A significant result does not imply that all of your variables have been significant.
- The statistic is simply comparing the cumulative influence of all the variables.
To know more about the F-statistics, here
brainly.com/question/17256783
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Answer:
B. 1 5/6
Step-by-step explanation:
Answer:
-311
Step-by-step explanation:
−425 = x − 114
=> x = -425 + 114
=> x = -311
Therefore, -311 is our answer.
Hoped this helped.
