Answer:
609
Step-by-step explanation:
Standard deviation = = $30
Margin of error = E = $2
Confidence level = 90%
Since the distribution is said to be normal, we will use z scores to solve this problem.
The z score for 90% confidence level = z = 1.645
Sample size= n = ?
The formula to calculate the margin of error is:
Using the values in above equation, we get:
This means, the minimum number of observations required is 609
Answer: $ 6
Step-by-step explanation:
Here, the cost price of each soup = x dollars
The cost price of 16 soup = 16 x
The selling price of 16 soup = 16 x + 96
Since, the total money received for 16 soup = The selling price of 16 soup - The cost price of 16 soup
= 16 x + 96 - 16 x
= 96
Thus, the total money received for 16 soup = 96 dollars
⇒ The total money received for 1 soup = dollars
⇒ The total money received for 1 soup = 6 dollars
Hence, for each soup 6 dollars is received.