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marta [7]
3 years ago
10

Jim Abbott purchased a $58,000 recreational vehicle (RV) with a 45 percent markup on selling price. a. What was the amount of th

e dealer’s markup? Markup amount $ b. What was the dealer’s original cost? Original cost $
Mathematics
1 answer:
BARSIC [14]3 years ago
6 0
01010100100101010101
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Find the critical value zα/2 that corresponds to a 98% confidence level.
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A critical value is the point on the scale of the test statistic (z test in this case) outside which we reject the null hypothesis, and is taken from the level of significance of the test. The critical values can be obtained from the standard distribution tables for z and for this case, it is equivalent to:

critical value zα/2 at 98% confidence level = 2.326

Answer: 2.326

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