Solve the Problem. -An Outlet Store Had Monthly Sales of $73,000 and Spent

question 52

Multiple Choice

Solve the problem.
-An outlet store had monthly sales of $73,000 and spent 8% of it on health insurance. How much was spent on health insurance?

• A)$912,500
• B)$91,250
• C)$58,400
• D)$5840

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Definitions:

Decrease

A reduction in size, number, quantity, or extent.

Confidence Interval

An estimated interval of values which is likely to include an unknown population parameter, the estimate being based on the sample data.

Slope

A measure of the steepness or incline of a line, often representing the rate of change in a linear equation.

SPPS Regression Output

A reference to the outputs generated from statistical analysis conducted in SPSS software, concerning regression analysis.