Find the selling price. Cost to store: $90 Markup: 60%
2 answers:
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Answer:
C. 34.15 oz
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
How heavy does a box have to be for it to be labeled overweight?
Top 5%, so X when Z has a pvalue of 1-0.05 = 0.95.
So X when Z = 1.645.
So the correct answer is:
C. 34.15 oz
Answer:
Step-by-step explanation:
Answer:
4.038
Step-by-step explanation:
The simple regression model is:
, then
.
The statistic calculated for the hypothesis test of statistical significance, for the slope, in a simple regression model is given by:
with the slope estimator,
the value of slope in the null hypothesis and
the standard error of the slope. Thus,