A shoe store marks up its merchandise by 8%. What was the selling price of a pair of shoes whose wholesale price is $24.50? Show
2 answers:
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After putting the value of y from the second equation to the first equation, the resultant equation is .
GIven:
The equations are:
It is required to put the value of y from second equation to the first equation.
<h3>How to solve equations?</h3>The value of y from the second equation is,
Now, put this value of y in the first equation as,
Therefore, after putting the value of y from the second equation to the first equation, the resultant equation is .
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Answer:
The most appropriate value of the critical value is 2.289.
Step-by-step explanation:
We are given that a researcher takes a random sample of 41 bulbs and determines that the mean consumption is 1.3 watts per hour with a standard deviation of 0.7.
We have to find that when constructing a 97% confidence interval, which would be the most appropriate value of the critical value.
Firstly, as we know that the test statistics that would be used here is t-test statistics because we don't know about the population standard deviation.
So, for finding the critical value we will look for t table at (41 - 1 = 40) degrees of freedom at the level of significance will be .
Now, as we can see that in the t table the critical values for P = 1.5% are not given, so we will interpolate between P = 2.5% and P = 1%, i.e;
So, the critical value at a 1.5% significance level is 2.289.