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SCORPION-xisa [38]
3 years ago
15

Why might a mattress store choose to advertise new mattresses, worth $1,000, as $50 per week for 22 weeks?

Mathematics
2 answers:
Ipatiy [6.2K]3 years ago
8 0
$50 per week is more affordable to most people than $1000 up front. So the customer is more likely to buy it, and the store ends up 50*22 = $1100, so $100 more (which might seem worth it for the customer if they get to pay it over 22 weeks).

Some people might also be enticed by the low price of $50 and think its cheaper.
IgorLugansk [536]3 years ago
3 0
By doing so, they provide the illusion that the payments are cheaper then 1000 dollars, because 50 looks very small, when in reality it's $100 more then what the mattress is actually worth.
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Answer:

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Step-by-step explanation:

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At the movie theatre, child admission is $5.30 and adult admission is $9.40 . On Wednesday, four times as many adult tickets as
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Sharon earns 4% Commission on the items that she sells one week she earns $150 in commission what is the total value of the item
Annette [7]
X = total sales
y = sharon's commision earnings

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y = .04 x
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3 years ago
Majesty Video Production Inc. wants the mean length of its advertisements to be 26 seconds. Assume the distribution of ad length
Paladinen [302]

Answer:

a) By the Central Limit Theorem, approximately normally distributed, with mean 26 and standard error 0.44.

b) s = 0.44

c) 0.84% of the sample means will be greater than 27.05 seconds

d) 98.46% of the sample means will be greater than 25.05 seconds

e) 97.62% of the sample means will be greater than 25.05 but less than 27.05 seconds

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal probability distribution

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean \mu and standard deviation \sigma, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean \mu and standard deviation(also called standard error) s = \frac{\sigma}{\sqrt{n}}.

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

In this problem, we have that:

\mu = 26, \sigma = 2, n = 21, s = \frac{2}{\sqrt{21}} = 0.44

a. What can we say about the shape of the distribution of the sample mean time?

By the Central Limit Theorem, approximately normally distributed, with mean 26 and standard error 0.44.

b. What is the standard error of the mean time? (Round your answer to 2 decimal places)

s = \frac{2}{\sqrt{21}} = 0.44

c. What percent of the sample means will be greater than 27.05 seconds?

This is 1 subtracted by the pvalue of Z when X = 27.05. So

Z = \frac{X - \mu}{\sigma}

By the Central Limit Theorem

Z = \frac{X - \mu}{s}

Z = \frac{27.05 - 26}{0.44}

Z = 2.39

Z = 2.39 has a pvalue of 0.9916

1 - 0.9916 = 0.0084

0.84% of the sample means will be greater than 27.05 seconds

d. What percent of the sample means will be greater than 25.05 seconds?

This is 1 subtracted by the pvalue of Z when X = 25.05. So

Z = \frac{X - \mu}{s}

Z = \frac{25.05 - 26}{0.44}

Z = -2.16

Z = -2.16 has a pvalue of 0.0154

1 - 0.0154 = 0.9846

98.46% of the sample means will be greater than 25.05 seconds

e. What percent of the sample means will be greater than 25.05 but less than 27.05 seconds?"

This is the pvalue of Z when X = 27.05 subtracted by the pvalue of Z when X = 25.05.

X = 27.05

Z = \frac{X - \mu}{s}

Z = \frac{27.05 - 26}{0.44}

Z = 2.39

Z = 2.39 has a pvalue of 0.9916

X = 25.05

Z = \frac{X - \mu}{s}

Z = \frac{25.05 - 26}{0.44}

Z = -2.16

Z = -2.16 has a pvalue of 0.0154

0.9916 - 0.0154 = 0.9762

97.62% of the sample means will be greater than 25.05 but less than 27.05 seconds

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Answer:

The answer is 3 1/4

Step-by-step explanation:

I hope this helps! :)

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