Answer:
Tyrone paid the higher markup rate.
Step-by-step explanation:
Tyrone and Terri both bought sofas with installment loans.
Tyrone bought his own with a sticker price of $1350 by paying $74 a month for 24 months. Therefore,
74 × 24 = $1776
The mark up = $1776 - $1350 = $426
Tyrone markup rate = 426/24 = $17.75 per month
Terri bought his own with sticker price of $950 by paying $52 a month for 24 months. Therefore,
52 × 24 = $1248
mark up = $1248 - $950 = $298
Terri markup rate = 298/24 = $12.4166666667 = $12.42 per month
Given:
μ = 68 in, population mean
σ = 3 in, population standard deviation
Calculate z-scores for the following random variable and determine their probabilities from standard tables.
x = 72 in:
z = (x-μ)/σ = (72-68)/3 = 1.333
P(x) = 0.9088
x = 64 in:
z = (64 -38)/3 = -1.333
P(x) = 0.0912
x = 65 in
z = (65 - 68)/3 = -1
P(x) = 0.1587
x = 71:
z = (71-68)/3 = 1
P(x) = 0.8413
Part (a)
For x > 72 in, obtain
300 - 300*0.9088 = 27.36
Answer: 27
Part (b)
For x ≤ 64 in, obtain
300*0.0912 = 27.36
Answer: 27
Part (c)
For 65 ≤ x ≤ 71, obtain
300*(0.8413 - 0.1587) = 204.78
Answer: 204
Part (d)
For x = 68 in, obtain
z = 0
P(x) = 0.5
The number of students is
300*0.5 = 150
Answer: 150
Answer: 8
Step-by-step explanation:
