Answer:the new price of the shoe is $5
Step-by-step explanation:
The price at which the shoe has been selling is $25.
Because of an increase of 4% in wholesale prices, a shoe store had to mark up its new stock by the same percent. The value of the 4% increase on the initial price of the shoe is
4/100 × 25 = 0.04 × 25 = $1
Therefore, the new price of the shoe would be
4 + 1 = $5
Answer:
d = r * i
Step-by-step explanation:
Answer:
(5.240 ; 8.760)
Step-by-step explanation:
Given :
Sample mean, xbar = 7
Standard deviation, s = 2.29
Sample size, n = 9
95% confidence interval for the population mean :
Confidence interval :
Xbar ± Margin of error
Margin of Error = Tcritical * s/sqrt(n)
Tcritical at 0.05 ; df = 8 = 2.306
Margin of Error = 2.306 * 2.29/sqrt(9)
Margin of Error = 1.760
Lower boundary = (7 - 1.760) = 5.240
Upper boundary = (7 + 1.760) = 8.760
(5.240 ; 8.760)