Step 1: Let the marked price of the scooter be M. The discount on the scooter is 20%. Mark saves at least ₹8,000, so we have:
\[ 0.2M = 8000. \]
Step 2: Solving for M:
\[ M = \frac{8000}{0.2} = 40,000. \]
Conclusion: The minimum possible marked price of the scooter is ₹40,000.
List-I | List-II |
---|---|
(A) Confidence level | (I) Percentage of all possible samples that can be expected to include the true population parameter |
(B) Significance level | (III) The probability of making a wrong decision when the null hypothesis is true |
(C) Confidence interval | (II) Range that could be expected to contain the population parameter of interest |
(D) Standard error | (IV) The standard deviation of the sampling distribution of a statistic |