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NNADVOKAT [17]
3 years ago
10

A store buys an item whole sale for 175 and sells it for 300 what the ratio of the cost sell price

Mathematics
1 answer:
Mrrafil [7]3 years ago
4 0
Cost : Selling Price
175 : 300
175 ÷ 25 : 300 ÷ 25
7 : 12
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Step-by-step explanation:

Information given

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\mu population mean (variable of interest)

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Confidence interval

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\frac{(n-1)s^2}{\chi^2_{\alpha/2}} \leq \sigma^2 \leq \frac{(n-1)s^2}{\chi^2_{1-\alpha/2}}

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The excel commands would be: "=CHISQ.INV(0.05,82)" "=CHISQ.INV(0.95,82)". so for this case the critical values are:

\chi^2_{\alpha/2}=104.139

\chi^2_{1- \alpha/2}=62.132

The confidence interval is given by:

\frac{(82)(2.4)^2}{104.139} \leq \sigma^2 \leq \frac{(82)(2.4)^2}{62.132}

4.525 \leq \sigma^2 \leq 7.602

Now we just take square root on both sides of the interval and we got:

2.127 \leq \sigma \leq 2.757

5 0
3 years ago
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