Benchmark are numbers that are used as standards to which the rest of the data is compared to. When counting numbers using a number line, the benchmark numbers are the intervals written on the axis. For benchmark numbers of 10, the number line on top of the attached picture is shown. Starting from 170, the tick marks are added by 10, such that the next numbers are 180, 190, 200, and so on and so forth. When you want to find 410, just find the benchmark number 410.
The same applies to benchmark numbers in intervals of 100. If you want to find 170, used the benchmark numbers 100 and 200. Then, you estimate at which point represents 170. For 410, you base on the benchmark numbers 400 and 500.
For a probability distribution the expected value is the summation of product of probabilities with their respective data values. Let x be the probability that Jackson goes gym for 2 days and y be the probability that he goes gym for 3 days.
For the given case we have following values and their probabilities:
0 : 0.1
2 : x
3 : y
So the expected value will be = 0(0.1) + 2(x) + 3(y)
Expected value is given to be 2.05. So we can write the equation as:
2x + 3y = 2.05 (Equation 1)
Also for a probability distribution, the sum of probabilities must always equal to 1. So we can set up the second equation as:
0.1 + x + y = 1
x + y = 0.9 (Equation 2)
From Equation 2 we can write the value of x to be x = 0.9 - y. Using this value in equation 1, we get:
2(0.9 - y) + 3y = 2.05
1.8 - 2y + 3y = 2.05
1.8 + y = 2.05
y = 0.25
Using the value of y in equation 2 we get value of x to be 0.65
Therefore we can conclude that:
The probability that Jackson goes to gym for 2 days is 0.65 and the probability that he goes to gym for 3 days is 0.25
Original price of the item = $14.95
Price after discount = $13.79
Discount offered = original price - price after discount = 14.95- 13.79 = $1.16
Now let us find the percentage of discount offered.
Percentage discount is given by the formula:
Where MP= Marked price= original price
SP= selling price= price after discount
Percentage discount = 7.759 %
