Patrice user a $15 gift certificate when she purchased a pair of sandals. After 8% sales tax was applied to the price of the san
1 answer:
Answer:
The sandals cost before tax $25.
Step-by-step explanation:
Let us assume that the sandals cost before tax $x.
So, after giving an 8% tax the price will be .
If the $15 gift certificate on that after tax price and the final cost of the sandals becomes $12, then
1.08x - 15 = 12
⇒ 1.08x = 27
⇒ x = $25
Hence, the sandals cost before tax $25. (Answer)
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Answer:
We need to conduct a hypothesis in order to determine if the mean is greater than specified value, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
For this case the significance is 1%. So we need to find a critical value in the normal standard distribution who accumulates 0.99 of the area in the left and 0.01 in the right and for this case this critical value is:
Step-by-step explanation:
Notation
represent the sample mean
represent the standard deviation for the population
sample size
represent the value that we want to test
represent the significance level for the hypothesis test.
z would represent the statistic (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to determine if the mean is greater than specified value, the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
For this case the significance is 1%. So we need to find a critical value in the normal standard distribution who accumulates 0.99 of the area in the left and 0.01 in the right and for this case this critical value is: