Compute the selling price of a sports drink that has a cost of $1.25 per item. The store needs to generate a profit of $0.50 per
1 answer:
Answer:
The selling price would be .
Step-by-step explanation:
We have been given that a sports drink has a cost of $1.25.
We need to figure out the selling price of the sports drink so that the store is able to generate a profit of $0.50 per drink.
We know that profit is found by subtracting the cost of an item from selling price of the item. Therefore, selling price of the item can be found by adding the profit to the cost.
Therefore, the required selling price of the sports drink would be:
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who represent the mean and is on the center of the distribution
who represent the standard deviation
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Step-by-step explanation:
The Normal distribution is a continuous probability distribution with possible values all the reals. Some properties of this distribution are:
Is symmetrical and bell shaped no matter the parameters used. Usually if X is a random variable normally distributed we write this like that:
The two parameters are:
who represent the mean and is on the center of the distribution
who represent the standard deviation
One particular case is the normal standard distribution denoted by:
Example: Usually this distribution is used to model almost all the practical things in the life one of the examples is when we can model the scores of a test. Usually the distribution for this variable is normally distributed and we can find quantiles and probabilities associated