Every week Kabore gets paid $100 plus 5% of his sales. How much does he need to sell if he wants to make $700 this week?
1 answer:
Answer:
$12,000
Step-by-step explanation:
Kabore wants to make $700 this week. We can subtract 100 from that amount because his base pay is $100.
700 - 100 = 600
This leaves us with 600. Kabore has to make $600 from his sales. However, he only gets paid 5% of his sales. So, 600 is worth 5% of his sales. This can be represented in an equation, where x represents his sales and 0.05 is 5% in decimal form:
= 0.05
Multiply both sides of the equation by x to isolate it on one side:
600 = 0.05x
Divide both sides by 0.05 to find the value of x:
12000 = x
Kabore needs to sell $12,000 worth of product if he wants to make $700 this week.
Hope this helps :)
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No, we don't have evidence to support that the mean completion time under new management has decreased but we can conclude that it remains at 15.5 minutes.
Given mean of 15.5 minutes , standard deviation of 1.7 minutes, sample size of 90 and sample mean of 15.4 minutes.
We can do the following study for conclusion:
Firstly the null hypothesis is
The alternate hypothesis is
since the value is less than this is a one tailed test.
Z=x bar-x/d/
where x is sample mean and d is standard deviation.
Z=15.4-15.5/1.7/
=-0.1/1.7/9.4868
=-0.560
Critical value of Z at 0.1 level of significance
Z=-1.28
We fails to reject the null hypothesis since -0.560>-1,28
Hence we don't have evidence to support that the mean completion time under new management has decreased but we can conclude that it remains at 15.5 minutes.
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Question is incomplete. It should include:
mean of 15.5 minutes ,
standard deviation of 1.7 minutes,
sample size of 90
and sample mean of 15.4 minutes.