IN HURRY PLEASE HELP IF CAN
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We have been given that a retailer buys cases of 24 shirts for $30/case and then resells them in packs of 5 for $8/pack.
Further, we know that retailer sold all the shirts he purchased and profited $84 on the sale.
Let us first find LCM of 24 and 5. The LCM is 120.
Now, let us assume that the retailer bought 120x shirts. Therefore total profit will be:
We can set this equal to the given profit to figure out the value of x first.
Therefore, the retailer sold 120(2)=240 shirts, that is, 48 packs.
Answer:
We can find the critical value
And for this case if the confidence increase the critical value increase so then this statement is True
Step-by-step explanation:
For a confidence level given c, we can find the significance level like this:
And with the degrees of freedom given by:
We can find the critical value
And for this case if the confidence increase the critical value increase so then this statement is True