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Ksenya-84 [330]
3 years ago
5

Nakesha’s Sporting Goods is running a sale on golf shoes this week. The sale price is $95.98. The shoes cost Nakesha’s $63.45. W

hat is the markup rate based on cost?
Mathematics
1 answer:
ohaa [14]3 years ago
6 0

Answer:

Markup rate = 0.512 or 51.2%

Step-by-step explanation:

Mark up rate is the increase amount added to the original price.

Sales Price = $95.98

Original Price= $63.45

Gross profit margin = Sales Price - Original cost

                                = $95.98 - $63.45

                                = $ 32.53

Mark up Rate = Gross profit margin/ original price

                                  = 32.53 / 63. 45

                                  = 0.51

converting into percentage by multiplying with 100

Mark up Percentage = 0.512 * 100

                                  = 51.2 %

                     

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Answer:

The reasonable range for the population mean is (61%, 75%).

Step-by-step explanation:

The interval estimate of a population parameter is an interval of values that consist of the values within which the true value of the parameter lies with a certain probability.

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One of the best interval estimate of population proportion is the 95% confidence interval for proportion,

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Given:

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The critical value of <em>z</em> for 95% confidence level is:

z_{\alpha/2}=z_{0.05/2}=z_{0.025}=1.96

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CI=\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p(1-\hat p)}{n}}

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