Answer:
Step-by-step explanation:
- The Z-score allows you to decide if your sample is different from the population mean. In order to use z, you must know four things:
- The population mean.
- The population standard deviation.
- The sample mean.
- The sample size.
- Usually in stats, you don’t know anything about a population, so instead of a Z score you use a T-Test with a T Statistic.
- The major difference between using a Z score and a T statistic is that you have to estimate the population standard deviation. The T test is also used if you have a small sample size (less than 30).
Answer:
10.5 %
<u>Skills needed: Financial Math Essentials</u>
Step-by-step explanation:
1) First, before getting started, let's assume the price of the product is
. This variable will be used a lot throughout the problem (
).
2) Marking a price above means increasing the price in order to make money off of the purchased product. When raising something by
percent, the new price would be
.
---> In this case, the price increased by
percent.
This means that it would be: 
New price is: 
3) The shopkeeper is then offering a
percent discount off of this marked price. When offering a
percent discount price, the new price (with discount), expressed algebraically is: 
---> the expression above simplifies to 
In this case,
, 
---> 
This means that
, with discount, has been raised
.
10.5 % is the profit percent
(The profit percent being the final marked up price - purchased price)
Step-by-step explanation:
<u>The inequality represents:</u>
h is less than or equal to 46.
<u>Values included;</u>
I apologize for the line being uneven.
Answer:
1/4
Step-by-step explanation:
You can set up a system of equations for this problem. x= number of coach tickets and y = number of first class tickets.
$210x + $1200y = $10,230 (cost of coach ticket plus cost of first class tickets is total budget)
x + y = 11 (number of coach tickets plus number of first class tickets is total number of people)
Solve the second equation for y to get y = 11 - x, then plug that into the first equation and solve for x:
$210x + $1200(11 - x) = $10,230
$210x + $13,200 - $1200x = $10,230
-$990x + $13,200 = $10,230
-$990x = $2,970
x = 3
Sarah bought x = 3 coach tickets. Plug that into the second equation and solve for y:
3 + y = 11
y = 8
Sarah bought y = 8 first class tickets.