Answer:
33.34%.
Step-by-step explanation:
Given that,
The actual price of the shirt = $36
Price on sale = $24
We need to find the percent of the decrease. The formula for the percentage is given by :
Putting all the values,
So, the percentage decrease in the price of the shirt is 33.34%.
Answer:
And using the normal atandard table or excel we got:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
The central limit theorem states that "if we have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed. This will hold true regardless of whether the source population is normal or skewed, provided the sample size is sufficiently large".
Solution to the problem
Let X the random variable that represent the length of the tape of a population, and for this case we know the following parameters
Where and
We sselect a sample size of n =78>30. From the central limit theorem we know that the distribution for the sample mean is given by:
And we want to find this probability:
And using the normal atandard table or excel we got: