Ricardo has just taken over his parents' restaurant. He knows after working there for many years that one of the major concerns
among employees is competitive pay. Specifically, Ricardo's servers think that they are paid less than servers in similar restaurants.
To help investigate this issue, Ricardo employs a company that specializes in gathering data about pay rates for similar positions across the state. The company provides Ricardo with the following box-and-whisker plot.
Ricardo's goal is to provide his servers with competitive pay compared to other restaurants in the state. He currently pays his servers hourly rates ranging from $8.50 to $11.50, depending on experience and seniority. His median server pay is $8.83. Based on what he sees in the plot above, which of the following is an appropriate conclusion for Ricardo?
A.
Ricardo's median is consistent with the state median. Ricardo should leave his servers' pay as it is.
B.
Most of Ricardo's servers are paid more than the state median. Ricardo should leave his servers' pay as it is.
C.
Ricardo's minimum, maximum, and median are all significantly less that those of the state. Ricardo should increase his servers' pay.
D.
Almost half of other servers across the state make more than the highest paid of Ricardo's servers. Ricardo should increase his servers' pay.
To help investigate this issue, Ricardo employs a company that specializes in gathering data about pay rates for similar positions across the state. The company provides Ricardo with the following box-and-whisker plot.
Ricardo's goal is to provide his servers with competitive pay compared to other restaurants in the state. He currently pays his servers hourly rates ranging from $8.50 to $11.50, depending on experience and seniority. His median server pay is $8.83. Based on what he sees in the plot above, which of the following is an appropriate conclusion for Ricardo?
A.
Ricardo's median is consistent with the state median. Ricardo should leave his servers' pay as it is.
B.
Most of Ricardo's servers are paid more than the state median. Ricardo should leave his servers' pay as it is.
C.
Ricardo's minimum, maximum, and median are all significantly less that those of the state. Ricardo should increase his servers' pay.
D.
Almost half of other servers across the state make more than the highest paid of Ricardo's servers. Ricardo should increase his servers' pay.
1 answer:
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Answer:
25% of 30% of 400 = 30
33% decrease in value
Step-by-step explanation:
You can either get 30% of 400 first then 25% of 400 or you can get the total percentage of 400.
Method 1:
30% of 400 = 0.3 of 400 = 0.3 * 400 = 120
25% of 120 = .25 of 120 = .25 * 120 = 30
Method 2:
30% of 25% = 0.3 * 0.25 = 0.075 = 7.5% of 400
7.5% of 400 = 0.075 of 400 = 0.075 * 400 = 30
5.) To find the percentage of the new price, you can build the equation below.
The percentage decrease in price is then 100% of the original price - 66.667% of the original price = 100% - 66.67% = 33.33% = 33% decrease.