Assume that blood pressure readings are normally distributed with a mean of 120 and a standard deviation of 8. If 100 people are
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Answer:
$47
Step-by-step explanation:
Given: Store manager have predicted that 150 blanket can be sold at $32 each.
Also he has predicted sales of 2 blanket will decrease with $1 increase in price.
Now, finding price at which 120 blanket can be sold.
As we know cost of 150 blanket is $32 and we are finding for 120 blanket, which mean we have to increase price to decrease sales.
∴
Using unitary method to find correct price.
For 2 decrease in sales = $1 increase in price
∴ 30 decrease in sales of blanket = $15 increase in price
Next, price of 120 blanket =
Price\ of\ 120\ blanket =
∴ $47 should be the price for at least 120 blanket to be sold.