Original price: $32 ;Markup: 12.5% ;what is Retail Price
2 answers:
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A) 0.9803; 0.4803
B) 32
We calculate the z-score for this problem by using the formula:
Using our formula, we have:
Using a z-table (http://www.z-table.com) we see that the area to the left of, less than, this score is 0.9803.
To find the probability it is between the mean and this, we subtract the probability associated with the mean (0.5) from this:
0.9803 - 0.5 = 0.4803.
To find B, we first find the z-score for this. Using a z-table (http://www.z-table.com) we see that the closest z-score would be 2.33. We then set up our equation as
Multiplying both sides by 0.85 we have
2.33(0.85) = 0.35√n
1.9805 = 0.35√n
Divide both sides by 0.35:
1.9805/0.35 = √n
Square both sides:
(1.9805/0.35)² = n
32 ≈ n
B) 32
We calculate the z-score for this problem by using the formula:
Using our formula, we have:
Using a z-table (http://www.z-table.com) we see that the area to the left of, less than, this score is 0.9803.
To find the probability it is between the mean and this, we subtract the probability associated with the mean (0.5) from this:
0.9803 - 0.5 = 0.4803.
To find B, we first find the z-score for this. Using a z-table (http://www.z-table.com) we see that the closest z-score would be 2.33. We then set up our equation as
Multiplying both sides by 0.85 we have
2.33(0.85) = 0.35√n
1.9805 = 0.35√n
Divide both sides by 0.35:
1.9805/0.35 = √n
Square both sides:
(1.9805/0.35)² = n
32 ≈ n
Answer:
The number of calories in the packs of trail mix have a greater variation than the number of calories in the packs
of crackers
Step-by-step explanation:
IQR of trail mix data = 105 - 90 = 15
The range of cracker data = 100 - 70 = 30.
Therefore, the first option is NOT TRUE.
To check if option 2 is correct, calculate the lower limit to see if 70 is below the lower limit. If 70 is below the lower limit, then it is an outlier in the trail mix data.
Thus, Lower Limit =
Q1 = 90,
IQR = 105 - 90 = 15
Lower Limit =
Lower Limit =
70 is not less than the lower limit, therefore, 70 is not an outlier for the trail mix data. The second option is NOT TRUE.
The upper quartile of the trail mix data = 105.
The maximum value of the cracker data = 100.
Therefore, the third option is NOT TRUE.
Range can be used to determine how much variable there is in a data represented on a box plot. The greater the range value, the greater the variation.
Range of trail mix data = 115 - 70 = 45
Range of cracker data = 100 - 70 = 30.
<em>The range value for the number of calories in trail mix is greater than that for cracker, therefore, the number of calories in the packs of trail mix have a greater variation than the number of calories in the packs</em>
<em>of crackers.</em>
The fourth option is TRUE.