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attashe74 [19]
3 years ago
14

In the previous problem, people sampled three crackers: one from a manufacturer and two from competitors. It turns out that 35%

of people thought the manufacturers’ cracker tasted best, while the other two crackers were chosen as best by 33% and 32% of the sample respectively. In two or more complete sentences, explain whether or not the manufacturer should market this new cracker throughout the country.
Mathematics
2 answers:
kipiarov [429]3 years ago
7 0
This cracker should be manufactured because the percent of people thinking the cracker tasted best is greater than the competitor's cracker. This means you will know that your cracker and it's quality is at least better than the two others.
blagie [28]3 years ago
5 0

Answer: The manufacturer should market this new cracker throughout the country because he has the higher percentage of people that would buy his product

Step-by-step explanation:

Hi, the percentage of people that prefers the manufacturer’s crackers ( 35%)is higher than the percentages of their competitors (32% and 33%), according to the sample used. 35%> 32% and 35%> 33%.

The manufacturer should market this new cracker throughout the country because he has the higher percentage of people that would buy his product, and it can be improved through time.

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Answer:

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Step-by-step explanation:

Hello!

<h3>Compound Interest Formula: A = P(1 + \frac rn)^{nt}</h3>
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  • r = Rate of Interest (decimal)
  • n = Number of times compounded (per year)
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<h3>Given Information</h3>
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This is because we are gaining money, so the multiplier should be greater than 1. We already added 1, which is 100% so you simply add the 0.02 for the extra 2%.

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This is because it is being compounded bi-monthly, or once every 2 months. 12 months divided by 2 months is 6 months, so 6 times a year.

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Solve by plugging in the given values into the formula.

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This is really close to the first option, and since there is rounding involved with the repeating decimal, the first option should be correct.

The answer is $1348.07.

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