It would be 10x5 + 3x8= 74
Answer: Around 96 people would prefer creamy peanut butter.
Step-by-step explanation:
In the survey was found that 4 out of 5 preferred creamy over chunky peanut butter.
Then the relative frequency is:
4/5 = 0.8 prefer creamy peanut butter.
And we can assume that:
1/5 = 0.2 prefer chunky peanut butter.
We also could multiply these numbers by 100% to obtain the percentage forms:
0.8*100% = 80%
0.2*100% = 20%
Now, if there are 120 people in the grocery store, we can expect that the 80% will prefer creamy peanut butter.
Then we can expect that the number of people that prefers creamy peanut butter is:
N = (80%/100%)*120 = 0.8*120 = 96
Around 96 people would prefer creamy peanut butter.
Answer:
Sample size
Step-by-step explanation:
Central Limit Theorem states that population with mean and standard deviation and if the sample size is large then the distribution of sample mean will be will be normally distributed. The central limit theorem holds assumptions that the factors to be considered when assessing central limit theorem is sample size.
$17 (it's just the market price - the marginal cost)
