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jolli1 [7]
3 years ago
11

Find the Retail Price. Given: Original Price: $92; Markup: 12%

Mathematics
1 answer:
yKpoI14uk [10]3 years ago
3 0

Answer: The retail price is $103.04

Work: I just did $92, and multiplied it by the percentage (.12) and I received the answer $11.04 (Markup) Then, I add $11.04 to the $92, and I get the answer $103.04.

<em>I hope this helps, and Happy Holidays! :)</em>

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A point on the top of the Leaning Tower of Pisa is shifted about 13.5 ft horizontally compared to the tower's base. To the neare
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A 95% confidence interval for the mean number of chips in a bag of Chips Ahoy Cookies is [1187.96, 1288.44].

Step-by-step explanation:

We are given that statistics students at the Air Force Academy (no kidding) purchased some randomly selected bags of cookies and counted the chocolate chips.

Some of their data are given below; 1219, 1214, 1087, 1200, 1419, 1121, 1325, 1345, 1244, 1258, 1356, 1132, 1191, 1270, 1295, 1135.

Firstly, the pivotal quantity for finding the confidence interval for the population mean is given by;

                          P.Q.  =  \frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }  ~ t_n_-_1

where, \bar X = sample mean number of chocolate chips = \frac{\sum X}{n} = 1238.2

            s = sample standard deviation = \sqrt{\frac{\sum (X-\bar X)^{2} }{n-1} }  = 94.3

            n = sample of car drivers = 16

            \mu = population mean number of chips in a bag

<em>Here for constructing a 95% confidence interval we have used a One-sample t-test statistics because we don't know about population standard deviation.</em>

<u>So, 95% confidence interval for the population mean, </u>\mu<u> is ;</u>

P(-2.131 < t_1_5 < 2.131) = 0.95  {As the critical value of t at 15 degrees of

                                             freedom are -2.131 & 2.131 with P = 2.5%}  

P(-2.131 < \frac{\bar X-\mu}{\frac{s}{\sqrt{n} } } < 2.131) = 0.95

P( -2.131 \times {\frac{s}{\sqrt{n} } } < {\bar X-\mu} < 2.131 \times {\frac{s}{\sqrt{n} } } ) = 0.95

P( \bar X-2.131 \times {\frac{s}{\sqrt{n} } } < \mu < \bar X+2.131 \times {\frac{s}{\sqrt{n} } } ) = 0.95

<u>95% confidence interval for</u> \mu = [ \bar X-2.131 \times {\frac{s}{\sqrt{n} } } , \bar X+2.131 \times {\frac{s}{\sqrt{n} } } ]

                                   = [ 1238.2-2.131 \times {\frac{94.3}{\sqrt{16} } } , 1238.2+2.131 \times {\frac{94.3}{\sqrt{16} } } ]

                                   = [1187.96, 1288.44]

Therefore, a 95% confidence interval for the mean number of chips in a bag of Chips Ahoy Cookies is [1187.96, 1288.44].

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