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3 years ago

The school store marks up the price of all items by 30% before selling to

Mathematics

1 answer:

Readme [11.4K]3 years ago

4 0

Answer:

$65.325 or $65.33

Step-by-step explanation:

When looking for a percentage in a number, you want to multiply that number by the percentage. Remember that all percentages are to the hundreth power, or 0.00. So if you want to find 30% of 50.25, you multiply it by 0.30 or 0.3. After calculating that you will come up with 15.075 as the percentage. Since the store is marking the price up, you add it to the original price. So your equation is 50.25 + 15.075 =?. After calculating that, you get the answer 65.325. That is only half of your answer though because, when dealing with money, you always round to the nearest hundredth. So when you round 65.325, you get 65.33 which should be the correct answer.

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<h2>Answer with explanation:</h2>

As per given , we have

Sample size : n= 5

Degree pf freedom = : df= 5-1=4

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Significance level for 90% confidence = $\alpha=1-0.90=0.1$

Using t-value table , t-critical value for 90% confidence:

$t_{\alpha/2, df}=t_{0.05, 4}=2.132.$

Margin of error of $\mu$ : $E=t_{\alpha/2}\dfrac{\sigma}{\sqrt{n}}\\\\(2.132)\dfrac{13}{\sqrt{5}}=12.3949720129\approx12.39$

Interpretation : The repair cost will be within $12.39 of the real population mean value $\mu$ 90% of the time.

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3 years ago

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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