The American Management Association is studying the income of store managers in the retail industry. A random sample of 49 managers reveals a sample mean of $45,420. The standard deviation of the population is known to be $2,050.
a). Compute a 95% confidence interval, as well as the margin of error.
b). Interpret the confidence interval you have computed.

Answers

Answer 1

Answer:

a) The 95% confidence interval for the income of store managers in the retail industry is ($44,846, $45,994), having a margin of error of $574.

b) The interval mean that we are 95% sure that the true mean income of all store managers in the retail industry is between $44,846 and $45,994.

Step-by-step explanation:

Question a:

We have to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1 - 0.95}{2} = 0.025[/tex]

Now, we have to find z in the Z-table as such z has a p-value of [tex]1 - \alpha[/tex].

That is z with a p-value of [tex]1 - 0.025 = 0.975[/tex], so Z = 1.96.

Now, find the margin of error M as such

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

[tex]M = 1.96\frac{2050}{\sqrt{49}} = 574[/tex]

The lower end of the interval is the sample mean subtracted by M. So it is 45420 - 574 = $44,846.

The upper end of the interval is the sample mean added to M. So it is 45420 + 574 = $45,994.

The 95% confidence interval for the income of store managers in the retail industry is ($44,846, $45,994), having a margin of error of $574.

Question b:

The interval mean that we are 95% sure that the true mean income of all store managers in the retail industry is between $44,846 and $45,994.


Related Questions

-5, 20, -80, 320, ... is a geometric
sequence.
What is the explicit rule

Answers

Answer:

Multiplied by -4

Step-by-step explanation:

-5 (-4) = 20

20 (-4) = -80

-80 (-4) = 320

Judith is getting older and feels like she should donate her collection of stuffed animals to children who are less fortunate. She has 16 stuffed cats and 8 stuffed dogs, which she wants to divide into identical groups, with no stuffed animals left over. What is the greatest number of groups Judith can place her stuffed animals into?

Answers

Answer:iojoenckcnurmum

Step-by-step explanation:

Which value of x makes the equation true? 1/5 (2x-10) + 4x = -3(1/5x+4)

A -1/5
B 1/5
C 2
D -2

Answers

Answer:

Step-by-step explanation:

1/5 (2x - 10) + 4x = -3(1/5x + 4)

a bit ambiguous, I'll ASSUME you mean

1/5 (2x - 10) + 4x = -3(x/5 + 4)

     2x/5 - 2 + 4x = -3x/5 - 12

                      5x = -10

                      x = -2

My answer being one of your options makes me think my assumption was correct.

This year, a small business had a total revenue of $41,600 . If this is 28% more than their total revenue the previous year, what was their total revenue the previous year?

Answers

Answer:

Hey will you marry me? serious question

help me please guys im being times and trying to get this done fast!

Answers

Answer:

C.

Step-by-step explanation:

You're trying to figure out how many more hours he needs to work in order to have worked for 240 hours.

If f(x)=7e^x, find which is the value of f(−3) rounded to the nearest hundredth.

Answers

Answer:

[tex]f(-3)\approx0.35[/tex]

Step-by-step explanation:

[tex]f(x)=7e^x[/tex]

[tex]f(-3)=7e^{-3}\approx0.35[/tex]

Michelle paid $3.00 per shirt. When she sells each shirt, she adds 150% markup to the price she paid for the shirt. What is the selling price for each shirt?

Answers

Answer:

$8.50 per shirt

Step-by-step explanation:

If the shirt was $3 originally, and they added 150% markup, 100% of 3 is 3.

so a 100% markup of a $3 shirt would be 6 dollars.

But since she marked it up 150%, you have to know 50% of $3.  

50% of something is half, so

3 / 2 = 1.5

so ontop of the $3 extra, she adds $1.5, so

3 + 3 + 1.5 = 8.5

Michelle will sell the shirts for $8.50 each

Erin spent half of her weekly allowance at the movies. To earn more money her parents let her wash the car for
$7. What is her weekly allowance if she ended with $12?

Write an equation to represent this situation

Answers

Her allowance is 10 dollars
12-7=5 -> 5*2=10

What is the slope of this line?


a.−23

b.−13

c.13

d.23

Answers

Answer:

D

Step-by-step explanation:

I think you meant to put the answers as a fraction

Answer:

if there were slashes in between every answer, the answer would be

D. 2/3

Step-by-step explanation:

m = y2-y1 / x2-x1  (slope formula)   ⋅the two points i used were: (0,-3) and (3,-1)

m = -1-(-3) / 3-0 (plug in the points)

m = -1+3 / 3-0

m = 2/3 (Simplify to get your answer)

State the postulate or theorem you would use to prove each pair of triangles congruent.
a) SSS
b) SAS
c) ASA
d) AAS
e) HL
f) Not possible

Answers

Answer:

  f) Not possible

Step-by-step explanation:

The triangles can be shown to be similar by SAS, but the corresponding sides are not marked as congruent. With the given information, it is not possible to show the triangles are congruent.

Which shows two triangles that are congruent by AAS

Answers

Answer:

answer A is the correct option.

Step-by-step explanation:

The triangles ( A ) are congruent by AAS theorem

What are Congruent Triangles?

Transformations change the size or position of shapes. Congruent shapes are identical, but may be reflected, rotated or translated. Scale factors can increase or decrease the size of a shape. Congruent Triangles simply mean the triangles that possess the same size and shape

The three sides are equal (SSS: side, side, side)

Two angles are the same and a corresponding side is the same (ASA: angle, side, angle)

Two sides are equal and the angle between the two sides is equal (SAS: side, angle, side)

A right angle, the hypotenuse and a corresponding side are equal (RHS, right angle, hypotenuse, side)

Given data ,

Let the first triangle be represented as ΔABC

Let the second triangle be represented as ΔABD

Now , AB is the common side of both the triangles

And , measure of ∠ACB = measure of ∠ADB

And , the measure of ∠ABC = measure of ∠ABD = 90°

So , Two angles are the same and a corresponding side is the same (ASA: angle, side, angle)

Hence , the triangles are congruent

To learn more about congruent triangles click :

https://brainly.com/question/26131452

#SPJ5

Solve the following for x. Show all work. x+3/5 =2

Answers

Answer:

x+3/5=2

or,x+0.6=2

or,x=2-0.6

x=1.4

Y= (3x-4)3
Y=(2-4x)3
Y=(3x6-2x4)4

Answers

Answer:

y=24

Step-by-step explanation:

What is the number ten written in base 2?

Answers

10001 should be the answer if not i’m special

Evan made a tower from 32 building blocks. Aisha made a tower using 5 times as many blocks. How many blocks did Aisha use to make her tower?

Answers

Answer:

160

Step-by-step explanation:

32×5 is 60 hope that helps

which expression is equal to 4-6

Answers

-1-1 or 2-4 or 3-5 or 6-8 or 7-9 or 8-10

Which expression is equivalent to f+f-5f

Answers

It won’t let me answer

solve for x . Help me solve them

Answers

[tex]\\(1).\\\\(1.7898)^{2x} = (1.7898)^6\\\\\implies \ln(1.7898)^{2x} = \ln(1.7898)^6\\\\\implies 2x \ln(1.7898) = 6 \ln(1.7898)\\\\\implies 2x =6\\\\\implies x = \dfrac 62 =3\\\\(3).\\\\2^{5x -6} = 4^{x+9}\\\\\implies 2^{5x -6} = (2^2)^{x+9}\\\\\implies 2^{5x-6} = 2^{2x+18}\\\\\implies \ln(2^{5x-6}) = \ln(2^{2x+18})\\\\\implies (5x -6) \ln 2 = (2x +18) \ln 2\\\\\implies 5x -6 = 2x +18\\\\\implies 5x -2x = 18 +6\\\\\implies 3x = 24\\\\\implies x = \dfrac{24}3 =8[/tex]

PLZ HELP MATH QUESTION! LOOK AT THE PICTURE BELOW!I I WILL GIVE BRAINILEST TO CORRECT FAST ANSWER!

Answers

Answer:

x<2

Step-by-step explanation:

You're answer is wrong because the circle on the number line is not closed. If it was closed, it would be x ≤ 2 , but because it is open, it would be just be x<2

What is the ratio of 1/2 to 6?
(A) 12
(B) 3
(C)1/3
(D)1/6
(E) 1/12

Answers

Answer:

e, 1/12

Step-by-step explanation:

1) turn the first fraction into a whole number, the closest whole number being 1.

what did you multiply 1/2 by to get 1? the answer would be 2.

whatever you do to oneside, do to the other. when you multiply 6 by 2, you get twelve.

therefore, the answer is 1/12

Dr. M wanted to estimate the mean cholesterol level for men living in Hartford. He took a sampled of 20 men from Hartford and found that mean cholesterol level is 86 with a standard deviation of 12. He wants to construct a 99 % confidence interval for mean cholesterol level of men.

In this case, the level of significance a and the critical value?​

Answers

Answer:

answer is in an image here

imageshare.best/image.php?id=JS9NDO

Explanation:

copy n paste in browser

not a bot btw

An item is regularly priced at $29. It is on sale for 80% off the regular price.

Answers

And the question is????

what is the rate of change for these data?

Answers

Answer:

-2 gallons per minute

Step-by-step explanation:

As we can clearly see, the water is continuously decreasing every 15 minutes by 30 gallons.

So, the rate of change is -30 gallons per 15 minutes

However, we can simplify this ratio by dividing both sides by 15, so we get

-2 gallons per minute

Function 1 is defined by the equation y=-1/4r-5
Function 2

Answers

Step-by-step explanation:

as just answered in the other question, the y-intercept is simply the y-value, when x=0.

it is -5 for function 1.

and function 2 clearly crosses the y-axis at y = -7, which is the y-intercept.

as -5 is greater than -7, function 1 had the greater y- intercept.

Monique mother is 23 years older than Monique. The product of their ages is 518. How old are Monique and her mother?

Answers

Answer:

14 and 37

Step-by-step explanation:

[tex]x-y =23\\xy=518[/tex]

x= mother's age

y= Monique's Age

[tex]y=\frac{518}{x}[/tex]

[tex]x=23+y[/tex]

[tex](23+y)y=518[/tex]

[tex]23y+y^{2} =518[/tex]

[tex]y^{2} +23y-518=0[/tex]

[tex](y-14)(y+37)=0[/tex]

[tex]y=14[/tex]  monica is 14 years old

The mother: [tex]x-y=23\\x-14=23\\x=23+14 = 37[/tex]

Hope this helps

The polygons are similar. Find the value of each variable.

Answers

Answer:

z = 2

Step-by-step explanation:

Similar figures have equal ratios of corresponding sides:

z / (z + 4) = 3/ 99z = 3(z + 4)9z = 3z + 129z - 3z = 126z = 12z = 2

How can doubling a known fact be helpful when finding products mentally

Answers

Answer:

by doing that

Step-by-step explanation:

if x = y so y is z and you can find thatKegunaan Chi-Square:

Uji Chi Square berguna untuk menguji hubungan atau pengaruh dua buah variabel nominal dan mengukur kuatnya hubungan antara variabel yang satu dengan variabel nominal lainnya (C = Coefisien of contingency).

what is rational exponent of -(49)1/2?

Answers

[tex] {7}^{2( \frac{1}{2}) } \\ [/tex]

Cancel the common factor of 2.

[tex] {7}^{1} [/tex]

Evaluate the exponent[tex] \:= 7[/tex]

Pls help my child has no clue and this math is too hard for me to understand!!

Answers

Answer: 160

Step-by-step explanation: The questions says that there are 144 which make up 90% of the total group.

What is the other 10%? To figure this out, we can set up a proportion which we can do in the following way:

144/t = 90/100

From here, you can cross multiply 144 x 100 = 14,400

90t = 14,400

t= 160

You can always check by plugging 160 into t to make sure the proportion is equal. I picked t as my varriable of choice which stands for team members. But you can pick an varriable (letter) to find an unknown.

In practice, is best that your child uses a calculator because in the real world, its a practical handy tool and one doesn't have time to memorize every detail by doing that long division. Once your child gets the hang of practicing setting up proportions, your child can solve a variety of problems without going back in circles.

Hope this explanation helps. Best of luck to you and your child.

Help me with this question

Answers

Answer: The angle is a acute angle not obtuse angle.

Step-by-step explanation:

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