The lines whose equations are given intersect at. (4, 0)
Answer:

The degrees of freedom are given by:
Now we can calculate the p value with the following probability:

And for this case since the p value is lower compared to the significance level
we can reject the null hypothesis and we can conclude that the true mean for this case is different from 30.6 at the significance level of 0.05
Step-by-step explanation:
For this case we have the following info given:
represent the sample mean
represent the sample deviation
represent the reference value to test.
represent the sample size selected
The statistic for this case is given by:

And replacing we got:

The degrees of freedom are given by:
Now we can calculate the p value with the following probability:

And for this case since the p value is lower compared to the significance level
we can reject the null hypothesis and we can conclude that the true mean for this case is different from 30.6 at the significance level of 0.05
Answer:
Yes, it is possible to have a percent increase greater than 100%. The retail price of the clubs is $750
Step-by-step explanation:
Because the clubs were marked up 200%, we need to add 200% to 100%.
Then to find the retail price, we have to multiply 300%(3) by the wholesale price of $250.
Retail price = 3(250) =750
Therefore, the retail price is $750
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