A store buys a jacket for $20.00 and then sells it to customers for 80% more than that. What is the selling price of the jacket?

Mathematics

2 answers:

Elis [28]3 years ago

8 0

Your answer would be 36.

Hope this helped!

Veseljchak [2.6K]3 years ago

3 0

The store sells the jacket for $36.00

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melisa1 [442]

Answer:

Mean = 1.42

Variance = 0.58

Step-by-step explanation:

Given: X denote the number of luxury cars sold in a given day, and Y denote the number of extended warranties sold.

Also, joint probability function of X and Y are given.

To find:

mean and variance of X

Solution:

From the given joint probability function of X and Y,

$P(X=0)=\frac{1}{6}\\P(X=1)=\frac{1}{12}+\frac{1}{6}=\frac{1+2}{12}=\frac{3}{12}\\P(X=2)=\frac{1}{12}+\frac{1}{3}+\frac{1}{6}=\frac{1+4+2}{12}=\frac{7}{12}$

Mean of X:

$E(X)=\sum XP(X)\\=0\left ( \frac{1}{6} \right )+1\left ( \frac{3}{12} \right )+2\left ( \frac{7}{12} \right )\\=0+\frac{3}{12}+\frac{14}{12}\\=\frac{17}{12}=1.42$

Variance of X:

$E(X^2)=\sum X^2P(X)\\=0^2\left ( \frac{1}{6} \right )+1^2\left ( \frac{3}{12} \right )+2^2\left ( \frac{7}{12} \right )\\=0+\frac{3}{12}+\frac{28}{12}\\=\frac{31}{12}$

$var(X)=E\left [ X^2 \right ]-\left ( E\left [ X \right ] \right )^2\\=\frac{31}{12}-\left ( \frac{17}{12} \right )^2\\=\frac{31}{12}-\frac{289}{144}\\=\frac{372-289}{144}\\=\frac{83}{144}\\=0.58$