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3 years ago

A convenience store buys 1-gallon jugs of milk for $2.99 and sells them for $4.29. What is the margin they earn on the milk?

Business

1 answer:

koban [17]3 years ago

5 0

Answer:

1.30

Explanation:

subtract 4.29 from 2.99

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A survey of 50 retail stores revealed that the average price of a microwave was $375 with a sample standard deviation of $20. As

ohaa [14]

Answer:

True cost of the microwave is in 99% confidence interval: $c. $323.40 to $426.60$

Explanation:

Relevant data:

$n=50\\\mu=375\\\sigma=20\\\alpha=0,001$

As we want to know the 99% confidence interval, the significance level is:

$(1-\alpha).100\%=99\%\\1-\alpha=0.99\\\alpha=0.01$

We need to estimate a confidence interval by a two tailed normal bell. Then we have:

$Z_{\alpha/2}=Z_{0.005}$

The z-value for a probability of 0.005 in a normal standard distribution is 2.576

Confidence interval is given by;:

$\=x\±Z_{\alpha/2}\sigma\\375\±Z_{\0.005}(20)\\375\±(2.58)(20)\\375\±51.60$

$375+51.60=426.60\\375-51.60=323.40$

True cost of the microwave is in 99% confidence interval: $c. $323.40 to $426.60$

6 0

3 years ago

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will _________ the quantity demand

UkoKoshka [18]

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will increase the quantity demanded by about 2.5%.

Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.

we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.

Learn more about Price elasticity here: brainly.com/question/24384825

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6 0

2 years ago

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi

Airida [17]

Answer:

$555,900

Explanation:

To determine the FVI amount that should be recorded, all closing costs must be added to the initial purchase price of the land

∴ = $490,000 + $29,000 + $1,900 + $6,000 + $29, 000

=$555,900.

4 0

4 years ago

1. The minimum age to receive a Class C drivers license is A. 15 B. 16 C. 18

insens350 [35]

You would need to be at least 18 years old to hold a valid Ontario licence

4 0

3 years ago

Read 2 more answers

Who is required to provide information through the "right to know" law?

Murrr4er [49]

Private Employers.

The Right to know law discusses workers rights to know about dangerous chemicals/substances in the workplace and is overseen by OSHA ..

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3 years ago