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grigory [225]
3 years ago
12

A store pays $840 for an oil painting. The store marks up the price by 46%. What is the amount of the mark-up? please help!!!! I

XL is driving me crazy
Mathematics
1 answer:
Setler [38]3 years ago
3 0

Answer:

A store pays $840 for an oil painting. The store marks up the price by 46%. What is the amount of the mark-up?

=

$386.40

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Of 560 samples of seafood purchased from various kinds of food stores in different regions of a country and genetically compared
frutty [35]

Answer:

a) (0.5256,0.5944)  

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Step-by-step explanation:

We are given the following in the question:

Sample size, n = 560

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\hat{p} = 0.56

a) 90% Confidence interval:

\hat{p}\pm z_{stat}\sqrt{\dfrac{\hat{p}(1-\hat{p})}{n}}

z_{critical}\text{ at}~\alpha_{0.05} = \pm 1.64

Putting the values, we get:

0.56\pm 1.64(\sqrt{\dfrac{0.56(1-0.56)}{560}}) = 0.56\pm 0.0344\\\\=(0.5256,0.5944)

b) Interpretation of confidence interval:

We are 90% confident that the true proportion of all seafood in the country that is mislabeled or misidentified is between 0.5256 and 0.5944 that is 52.56% and 59.44%.

c) Validity of criticism

Conditions for validity:

np > 10\\n(1-p)>10

Verification:

560\times 0.56 = 313.6>10\\560(1-0.56) = 246.4>10

Both the conditions are satisfied. This, the criticism is invalid.

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