Answer:
80%
Step-by-step explanation:
The percentage change between two numbers can be calculated as ...
percentage change = ((new value)/(old value) -1) × 100%
= (2700/1500 -1) × 100% = (1.80 -1) × 100% = 80%
Traffic volume increased 80%.
Answer:
$1.5 per shirt if that's what you meant
Step-by-step explanation:
Answer:
We need at least 243 stores.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of 
, and a confidence level of 
, we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of 
.
The margin of error of the interval is:
For this problem, we have that:
95% confidence level
So 
, z is the value of Z that has a pvalue of 
, so 
.
Determine the number of stores that must be sampled in order to estimate the true proportion to within 0.04 with 95% confidence using the large-sample method.
We need at least n stores.
n is found when M = 0.04. So
Rounding up
We need at least 243 stores.
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
