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Strike441 [17]
3 years ago
15

The market bought grapes for $0.87 a pound and sold them for $1.15 a pound. What is the percent of increase rounded to the neare

st tenth?
Mathematics
1 answer:
KatRina [158]3 years ago
5 0
43.7% 
<span>
Difference = 115 - 87 = $0.38
Use 87 as the base because that's the price to start
38/87 = 0.43678</span>
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Answer:

The minimum percentage of stores that sell a gallon of milk for between $3.65 and $4.17 is of 75%.

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Chebyshev Theorem

The Chebyshev Theorem can also be applied to non-normal distribution. It states that:

At least 75% of the measures are within 2 standard deviations of the mean.

At least 89% of the measures are within 3 standard deviations of the mean.

An in general terms, the percentage of measures within k standard deviations of the mean is given by 100(1 - \frac{1}{k^{2}}).

In this question:

We have a mean of $3.91 and a standard deviation of $0.13.

Using Chebyshev's Theorem, what is the minimum percentage of stores that sell a gallon of milk for between $3.65 and $4.17?

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Within 2 standard deviations of the mean, so, by the Chebyshev's Theorem, the minimum percentage of stores that sell a gallon of milk for between $3.65 and $4.17 is of 75%.

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