Answer:
0.1463
Step-by-step explanation:
Number of observations = 10
Sample mean = 10.5
Sum of standard deviation = 264.5
X = 14
We are to calculate The leverage statistic for study hour 14 using the data above
= 1/10 + (14-10.5)²/264.5
= 1/10 + 3.5²/264.5
= 0.1 +12.25/264.5
= 0.1+0.04631
= 0.1463 is the leverage statistic for the study
Let x be marked up price. We have been given that a chemistry set costing $27.50, marked up 32% on cost.
Therefore, mark up price is $8.80.
Since we know that selling price of any item equals the sum of cost and mark-up price of the item.
Let us find selling price of our chemistry set.
Therefore, the selling price of the chemistry set is $ 36.30.