If markup is 60% of the cost, you have
... markup = 0.60×cost
... markup/0.60 = cost
... $207.20/0.60 = cost = $345.33
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If markup is 60% of the selling price, the other 40% is the cost. So, the cost is 40/60 = 2/3 of the markup.
... cost = (2/3)×markup = (2/3)×$207.20
... cost = $138.13
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Markup can be specified in terms of either selling price or cost. Those are the usual reference values; there could be others. When only the percentage is given, you don't have enough information to work the problem. You need to know what it is a percentage of. (Example problems in your text may tell you the expected interpretation.)
Using correlation coefficients, it is found that a coefficient of -1 represents a strong negative correlation.
<h3>What is a correlation coefficient?</h3>
- It is an index that measures correlation between two variables, assuming values between -1 and 1.
- If it is positive, the relation is positive, that is, they are direct proportional. If it is negative, they are inverse proportional.
- If the absolute value of the correlation coefficient is greater than 0.6, the relationship is strong.
For this problem, we have a correlation coefficient of -1, hence it means that:
- The relation is negative, as -1 is a negative number.
- The relation is strong, as the absolute value of the coefficient is of 1, which is greater than 0.6.
More can be learned about correlation coefficients at brainly.com/question/25815006
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Answer:
96 inches cubed
Step-by-step explanation:
3*4*8=96
Step-by-step explanation:
We have,
l =5ft
b=2ft
h=3ft
v = (l*b*h)
v = (5*2*3)ft
v = (30)ft
.•. v = 30ft
Answer:
the answer is none of those it is 4/13
