Answer:
107.50
Step-by-step explanation:
Given the following :
Midpoint (S)____F
S y 93 95 97 99 101 103 105 107 109 111 f 19 25 38 17 12 10 5 4 4 2
Calculating the mean and standard deviation using a calculator :
The mean(m) of the data above = 98.12
Standard deviation (sd) = 4.02
Proportion = 99% of population
From z table = 2.33
Using :
Zscore =(x - m) / sd
2.33 = (x - 98.12) / 4.02
2.33 * 4.02 = x - 98.12
9.3666 = x - 98.12
9.3666 + 98.12= x
x = 107.4866
X = 107.50
Answer: The percent gain was 25%.
Step-by-step explanation:
Given, Cost price of lot = $1,200
Selling price of lot = $1,500
The percent gain = 
⇒ Percent gain =
Hence, the percent gain was 25% based on his purchase.
