Mrs. Melanie Lazo pays Php 15.75 for each hair clip to its supplier. She decided to adds markup of Php 3.15. What is the markup
1 answer:
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Answer:
option (c) n = 201
Step-by-step explanation:
Data provided in the question:
Standard deviation, s = 5.5 ounce
Confidence level = 99%
Length of confidence interval = 2 ounces
Therefore,
margin of error, E = (Length of confidence interval ) ÷ 2
= 2 ÷ 2
= 1 ounce
Now,
E =
here,
z = 2.58 for 99% confidence interval
n = sample size
thus,
1 =
or
n = (2.58 × 5.5)²
or
n = 201.3561 ≈ 201
Hence,
option (c) n = 201