Keelah's clothing store bicycles for $50 and then sells them for $80 what is the percent of markup on the price of the coat
1 answer:
Answer:
62.5%
Step-by-step explanation:
We can write a proportion. We know that $50 is the original value and $80 is the marked up price. We don't know the marked up percentage. Let's call it x. We write equal ratios of comparing percent and
comparing the 50 to the marked up price. We then set them equal.
We then cross multiply across the equal sign from numerator to the opposite numerator.
80(x)=50(100)
80x=5000
We divide to find x.
x=62.5
This means the bicycles are marked up 62.5% and the original value is 37.5%.
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Answer:
a)
We want this probability:
And using the z score formula given by:
We got:
b) For this part we want to find a value a, such that we satisfy this condition:
(a)
(b)
Both conditions are equivalent on this case. We can use the z score again in order to find the value a.
As we can see on the figure attached the z value that satisfy the condition with 0.75 of the area on the left and 0.25 of the area on the right it's z=0.674. On this case P(Z<0.674)=0.75 and P(z>0.674)=0.25
If we use condition (b) from previous we have this:
But we know which value of z satisfy the previous equation so then we can do this:
And if we solve for a we got
So the value of height that separates the bottom 75% of data from the top 25% is 45.707.
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Part a
Let X the random variable that represent the heights of a population, and for this case we know the distribution for X is given by:
Where and
And we want this probability:
And using the z score formula given by:
We got:
We want this probability:
And using the z score formula given by:
We got:
Part b
For this part we want to find a value a, such that we satisfy this condition:
(a)
(b)
Both conditions are equivalent on this case. We can use the z score again in order to find the value a.
As we can see on the figure attached the z value that satisfy the condition with 0.75 of the area on the left and 0.25 of the area on the right it's z=0.674. On this case P(Z<0.674)=0.75 and P(z>0.674)=0.25
If we use condition (b) from previous we have this:
But we know which value of z satisfy the previous equation so then we can do this:
And if we solve for a we got
So the value of height that separates the bottom 75% of data from the top 25% is 45.707.