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Mademuasel [1]
2 years ago
13

Gap sells jeans that cost $21.00 for a selling price of $29.95. The percent of markup based on cost is:

Mathematics
1 answer:
drek231 [11]2 years ago
5 0
<span>($29.95 / $21.00) ≈ 1.426
 
</span><span>1.426 represents 100% of cost + 42.6% 
</span>
<span>1 = 100% </span>
<span>0.426 = 42.6% 
</span>

Your answer is 42.6%
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Answer:

(a) We reject our null hypothesis.

(b) We fail to reject our null hypothesis.

(c) We fail to reject our null hypothesis.

Step-by-step explanation:

We are given that a certain pen has been designed so that true average writing lifetime under controlled conditions (involving the use of a writing machine) is at least 10 hr.

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Alternate Hypothesis, H_A : \mu < 10 hr    {means that the true average writing lifetime under controlled conditions is less than 10 hr}

<u>The test statistics that is used here is one-sample t test statistics;</u>

                           T.S. = \frac{\bar X -\mu}{\frac{s}{\sqrt{n} } }  ~ t_n_-_1

where, \bar X = sample mean

             s = sample standard deviation

             n = sample size of pens = 18

          n - 1 = degree of freedom = 18 -1 = 17

<u>Now, the decision rule based on the critical value of t is given by;</u>

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  • If the value of test statistics is less than the critical value of t at 17 degree of freedom for left-tailed test, then <u>we will reject our null hypothesis</u> as it will fall in the rejection region.

(a) Here, test statistics, t = -2.4 and level of significance is 0.05.

<em>Now, at 0.05 significance level, the t table gives critical value of -1.74 at 17 degree of freedom.</em>

Here, clearly the value of test statistics is less than the critical value of t as -2.4 < -1.74, so we reject our null hypothesis.

(b) Here, test statistics, t = -1.83 and level of significance is 0.01.

<em>Now, at 0.051 significance level, the t table gives critical value of -2.567 at 17 degree of freedom.</em>

Here, clearly the value of test statistics is more than the critical value of t as -2.567 < -1.83, so we fail to reject our null hypothesis.

(c) Here, test statistics, t = 0.57 and level of significance is not given so we assume it to be 0.05.

<em>Now, at 0.05 significance level, the t table gives critical value of -1.74 at 17 degree of freedom.</em>

Here, clearly the value of test statistics is more than the critical value of t as  -1.74 < 0.57, so we fail to reject our null hypothesis.

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