Please answer the question
1 answer:
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First, you would need to create an equation for this problem. Let x represent the unknown tax.
= 
Next, you would cross multiply.
100x = 52.5
Now, all you would have to do is isolate the x. To do this, you would divide both sides by 100.
x = $0.525
I hope this helps!
Next, you would cross multiply.
100x = 52.5
Now, all you would have to do is isolate the x. To do this, you would divide both sides by 100.
x = $0.525
I hope this helps!
Answer:
Option 2: 1.5 is the correct answer.
Step-by-step explanation:
Given information is:
Mean = μ = $27
SD = σ = $5.50
A z-score simply tells us how far a selected data value from the mean is.
Z-score is denoted by z and is given by the formula:
Let x = $35.25
Putting the values of mean and SD we get,
The value of z-score for a price of $35.25 per barrel is 1.5
Hence,
Option 2: 1.5 is the correct answer.