Answer:
The percent markup is, 60.89 % .
Step-by-step explanation:
A pair of shoes cost $ 22.99 to make, the local store sells them for $ 36.99.
So, the increased value for each pair of shoes,
= $ (36.99 - 22.99)
=$ 14
So, the percent markup is,
%
60.89 %
Answer:
Possible values of x: Any from 0 to 5.
Step-by-step explanation:
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
In this question:
So
Possible values of x: 5 trials, so any value from 0 to 5.
For each value of x calculate p(☓ =x)