Answer:
The markup percentage is 61.2
Step-by-step explanation:
Given as :
The cost price of each ornaments = $23
The sell price of each ornament = $37.08
Let The markup percentage = x
<u>Now, According to question</u>
Markup percentage = × 100
Or, x% =
Or, x% =
Or, x% = 0.612
∴ x = 0.612 × 100
I.e x = 61.2
So, The The markup percentage = x = 61.2
Hence, The markup percentage is 61.2 Answer
Answer:
For this case we want to check if the true mean for the depth of groves cut into aluminium by a machine is equal to 1.7 (null hypothesis) and the alternative hypothesis would be the complement different from 1.7. And the best system of hypothesis are:
Null hypothesis:
Alternative hypothesis
Alternative hypothesis [tex]\mu \neq 1.7[/tx]
And the best system of hypothesis are:
3. This two-sided test:
H0: μ = 1.7 mm
H1: μ ≠ 1.7 mm