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Answer:
The bag is cheaper because one litre is roughly $1.00, compared to the carton which is $1.99 for one litre.
Step-by-step explanation:
Given:
Bag of 4 litre milk = $3.99
Carton of 1 litre milk = $1.99
Find the price per litre for a bag of milk:
Cross multiply:
3.99 = 4x
Divide both sides by 4:
3.99/4 = x.
x = 0.9975 ≈ $1.00
Bag of 1 litre milk ≈ $1.00
Carton of 1 litre milk = $1.99
$1.00 < $1.99
Therefore, the bag is cheaper.
Refer to the diagram shown below.
The value of z that yields the expected central area takes into account the excluded areas at both tails.
Half the tail area is α/2 = 0.08/2 = 0.04.
The central area is 1 - 0.04 - 0.04 = 0.92.
From standard normal tables, obtain
z(α/2) = 1.75
Answer: 1.75
The value of z that yields the expected central area takes into account the excluded areas at both tails.
Half the tail area is α/2 = 0.08/2 = 0.04.
The central area is 1 - 0.04 - 0.04 = 0.92.
From standard normal tables, obtain
z(α/2) = 1.75
Answer: 1.75
