In a parking lot of 240 red and blue cars, the ratio of red cars to blue cars is 3 : 5.
1 answer:
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If the dresses are chosen at random a probability tree can be constructed showing the probabilities of the various combinations that are possible. It shows the total probability of choosing a black, then white, or a white, then black dress is 1/9.
Answer:
Step-by-step explanation:
Given that:
Population Mean = 7.1
sample size = 24
Sample mean = 7.3
Standard deviation = 1.0
Level of significance = 0.025
The null hypothesis:
The alternative hypothesis:
This test is right-tailed.
Rejection region: at ∝ = 0.025 and df of 23, the critical value of the right-tailed test
The test statistics can be computed as:
t = 0.980
Decision rule:
Since the calculated value of t is lesser than, i.e t = 0.980 < , then we do not reject the null hypothesis.
Conclusion:
We conclude that there is insufficient evidence to claim that the population mean is greater than 7.1 at 0.025 level of significance.
The Markup percentage is mathematically given as
M=42%
<h3>What is Mark up percentage?</h3>The markup % may be determined by dividing the gross profit of a unit (the difference between its sales price and the amount it cost to create or buy for resale) by the amount that unit originally cost. If a product sells for $12 but only costs the corporation $8 to produce it, the markup percentage for that product is 50%, which can be calculated as (12 - 8) divided by 8.
Generally, the equation for is Total cost price mathematically given as
TCP= Pay+insurance
Therefore
TCP=35.5*1.6
TCP=284/5
Generally, the equation for is Total selling price mathematically given as
TSP=89.99+7.99
TSP=97.98
In conclusion, Mark up percentage is
M=0.4202898551*100
M=42%
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