Answer:
a) Option A)
b) Point estimate of difference = -78
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = $1,503
Sample mean, 
= $1,425
Sample size, n = 25
Sample standard deviation, s = $160
We have to carry a hypothesis test that the mean annual premium in Pennsylvania is lower than the national mean annual premium.
a) First, we design the null and the alternate hypothesis
b) Point estimate of the difference between the mean annual premium in Pennsylvania and the national mean
Point estimate of difference =
Mean annual premium in Pennsylvania - National mean
Thus,
Point estimate of difference = -78
Answer:
178.0
Step-by-step explanation:
Answer:
It represents how many bracelets she sold and the profit she makes from it.
Of course you need to know what "gross margin percentage" means.
Roughly speaking it is the profit as a percentage of sale price.
When a unit costs $1.00 and is sold at $2.50 the excess revenue is $1.50
Although we could express this profit margin as a FRACTION of the sale price,
(so this would be 1.50/2.5 = 3/5), it is usual to state this as a PERCENTAGE.
The gross margin percentage in the original case would be 100 * 3/5 = 60%
Let cost price be c, sale price be s.
Gross margin percentage g = 100* (s - c)/s
Solving this for sale price s
s = c/[1 - (g/100)]
When unit cost increases $0.25 we have c = 1.25
so s = 1.25[1 - 0.6] = 1.25/0.4 = 3.1
Action needed to maintain the gross margin percentage
is to increase selling price to $3.10
Answer:
29
Step-by-step explanation:
tan c = opposite / adjacent
c = tan -1 (25/45) = 29
