Answer:
The selection probability to be assigned to each of the package designs is 0.20
Step-by-step explanation:
Firstly, we need to assume that one design is just as likely to be selected by a consumer as any other design
so the probability of selecting any of the design is same and that is 1/5 = 0.20
Thus, what we are trying to say is that each of the package designs have an equal selection probability of 0.20
Oooooffffffff im pretty positive that this is true
Hey! the answer is 8 dimes and 4 nickels
8 dimes = 8×10
and 4 nickels = 5×4 = 20
which 20+80 = 100
and I would put (D) break into parts
hope it helps!
Markup = $4
b) markup as a percentage of cost is 33.3%
Step-by-step explanation:
Markup
markup = selling price - cost
= $13 - 9
... markup = $3
Markup as a Percentage of Cost
To find the percent markup, divide the markup by the reference value and multiply the ratio by 100%. The reference value for markup is usually cost price, but sometimes may be selling price.
... markup / cost × 100% = 3/9×100% = 33 1/3% ≈ 33.3%