Answer: $13.94
Step-by-step explanation:
Given : Bargain Feed Store has a markup rate of 14.1%.
The wholesale cost of bag of horse feed = $12.22
Price mark up = Mark up % x Whole sale cost
Price mark up =14.1% x $12.22
Price mark up
Then , the final price of bag of horse feed will be :-
Final price = wholesale cost +Price mark up
=$12.22+$1.72 = $13.94
Hence, the shop will charge $13.94 for a bag of horse feed that cost $12.22 wholesale.
Answer: P(A and B) is greater than P(A)
P(A and B) should be smaller than P(A).
Step-by-step explanation:
Given : P(A and B) = 0.40
P(A) = 0.20
Using the given formula of the conditional probability will be
But we know that the probability of any event cannot be more than 1.
Also, the probability of the intersection must be less than the probability of individual event.
Thus , in the given question P(A and B) must be smaller than P(A).