Answer: Rs 25,000
Step-by-step explanation:
Given
Retailer sold an electric iron to a customer at a loss of 10%
Suppose the Cost price of iron is 
So, selling price is 
This price must be equal to
+ VAT

Thus, the cost price is 
Correct answer is third option ---C in edge
Answer:
We are 95% confident that the average weight of the heaviest egg that is still medium size is 3.52 oz
Step-by-step explanation:
Mean = 3.2 oz, sd = 0.13 oz
Assuming there are 3 heavy eggs, n= 3, degree of freedom = n-1 = 3-1 = 2, t-value corresponding to 2 degrees of freedom and 95% confidence level is 4.303
Error margin = t×sd/√n = 4.303×0.13/√3 = 0.32 oz
Upper limit (heaviest egg that is still medium size) = mean + error margin = 3.2 + 0.32 = 3.52 oz
Answer:
the approximate probability that the insurance company will have claims exceeding the premiums collected is 
Step-by-step explanation:
The probability of the density function of the total claim amount for the health insurance policy is given as :

Thus, the expected total claim amount
= 1000
The variance of the total claim amount 
However; the premium for the policy is set at the expected total claim amount plus 100. i.e (1000+100) = 1100
To determine the approximate probability that the insurance company will have claims exceeding the premiums collected if 100 policies are sold; we have :
P(X > 1100 n )
where n = numbers of premium sold





Therefore: the approximate probability that the insurance company will have claims exceeding the premiums collected is 