Answer:
The markup rate on each box=41%
Step-by-step explanation:
The markup rate is the additional price that a good is sold at expressed as a percentage. This can be expressed as;
R={(S-C)/C}×100
where;
R=markup rate
S=selling price
C=cost
In our case;
R=unknown
S=$20.50
C=$14.50
replacing;
R={(20.5-14.5)/14.5}×100
R=(6/14.5)×100
R=41.38% rounded off=41%
The markup rate on each box=41%
Answer: you would have 1,060 in a month if that’s what you are asking
Step-by-step explanation:
Answer:
9.18% probability the miners find more than 16 ounces of gold in the next 1000 tons of dirt excavated
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:

What is the probability the miners find more than 16 ounces of gold in the next 1000 tons of dirt excavated?
This is 1 subtracted by the pvalue of Z when X = 16. So



has a pvalue of 0.9082
1 - 0.9082 = 0.0918
9.18% probability the miners find more than 16 ounces of gold in the next 1000 tons of dirt excavated
12/10 + 9/10 = 21/10
21/10 simplified is 2 1/10
Step-by-step explanation:


