Answer:
$2475 or $1875
Step-by-step explanation:
Assuming the question meant to say $25 less than the original price, it would be $2475 because $2500-$25= $2475
However, if the question meant to say that Sam bought the iron for 25% less than the original price, it would be $1875 because 2500*0.25= $625
$2500-$625= $1875
In finding this value you average lower and upper bound
(0.6+0.82)/2 = 0.71
=0.71 estimated
margin of error = distance from estimate point lower/ upper bound
This interval will be twice margin error
(0.82-0.6)/2 = 0.11
How far is 0.82 from 0.71 ??
=0.11=11%
So the probability is the number of favorable outcomes divided by the number of total outcomes. This means that the favorable outcomes are 7/9, and the unfavorable outcomes are 2/9. The odds against the event are the unfavorable outcomes. Therefore the odds against the event is 2/9, or 0.2 repeating. Hope this helps. Feel free to ask more questions, and feel free to ask questions about my explanation.