In a study of cell phone usage and brain hemispheric​ dominance, an Internet survey was​ e-mailed to 6992 subjects randomly selected from an online group involved with ears. There were 1340 surveys returned. Use a 0.01 significance level to test the claim that the return rate is less than​ 20%. Use the​ P-value method and use the normal distribution as an approximation to the binomial distribution.

answer: x=60

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get