Answer:
40% profit
Step by step Explanation:
Profit percentage
=( profit/cost price) * 100
0.2 = profit/cost
10+15+20+25+30= 100
Let's assume the cost price of the items is $1 each
Cost price total= $100
Profit made when buyer of 20 toffe didn't say was
0.2=profit/cost
0.2*100 =$20
If the$ 20 paid.
Total profit = $40
So percentage profit now
40/100 * 100 = 40%
To answer the question, let x be the cost of each hamburger, y be the cost of each medium fries, and z be the cost of each medium drink. The equations that are described in the problem are,
(Miller ) 4x + 3y = 18.69
(James) x + 2y + z = 8.66
(Steven) 2x + y + z = 10.27
Solving simultaneously for the values of the variables give x = 3.36, y = 1.75, and z = 1.8.
Thus, each hamburger costs $3.36. Each medium fries cost $1.75, and each drink costs $1.8.
Answer:
a)0.6192
b)0.7422
c)0.8904
d)at least 151 sample is needed for 95% probability that sample mean falls within 8$ of the population mean.
Step-by-step explanation:
Let z(p) be the z-statistic of the probability that the mean price for a sample is within the margin of error. Then
z(p)=
where
- Me is the margin of error from the mean
- s is the standard deviation of the population
a.
z(p)=
≈ 0.8764
by looking z-table corresponding p value is 1-0.3808=0.6192
b.
z(p)=
≈ 1.1314
by looking z-table corresponding p value is 1-0.2578=0.7422
c.
z(p)=
≈ 1.6
by looking z-table corresponding p value is 1-0.1096=0.8904
d.
Minimum required sample size for 0.95 probability is
N≥
where
- z is the corresponding z-score in 95% probability (1.96)
- s is the standard deviation (50)
- ME is the margin of error (8)
then N≥
≈150.6
Thus at least 151 sample is needed for 95% probability that sample mean falls within 8$ of the population mean.
Round 1 player 1 because 12 is the greatest number