Answer:
Sales = n ($x + $y)
Step-by-step explanation:
The basic simple sales equation is
Quantity Price = Sales
Here in the given question,
Total quantity of sales = n
Price = Cost + markup
(Markup refers to the profit added to cost)
Thus price = $x (cost) + $y (markup)
Sales = n ($x + $y)
Sales amount is the total amount received from sales of products, total quantity at some price provided.
Answer:
The probability that the maximum speed is at most 49 km/h is 0.8340.
Step-by-step explanation:
Let the random variable<em> </em><em>X</em> be defined as the maximum speed of a moped.
The random variable <em>X</em> is Normally distributed with mean, <em>μ</em> = 46.8 km/h and standard deviation, <em>σ</em> = 1.75 km/h.
To compute the probability of a Normally distributed random variable we first need to convert the raw score of the random variable to a standardized or <em>z</em>-score.
The formula to convert <em>X</em> into <em>z</em>-score is:
Compute the probability that the maximum speed is at most 49 km/h as follows:
Apply continuity correction:
P (X ≤ 49) = P (X < 49 - 0.50)
= P (X < 48.50)
*Use a <em>z</em>-table for the probability.
Thus, the probability that the maximum speed is at most 49 km/h is 0.8340.