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3 years ago

5

A trampoline salesman makes $25,000 annually plus 6% commission on his total sales. If he sold $40,000 worth of trampolines this

year, what are his total earnings? *

1 answer:

Katarina [22]3 years ago

5 0

Multiply sales by 6%

40,000 x 0.06 = 2,400

Add that to his base pay:

2400 + 25000 = $27,400 total pay.

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3 years ago

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marysya [2.9K]

Answer:

The population proportion is estimated to be with 99% confidence within the interval (0.1238, 0.2012).

Step-by-step explanation:

The formula for estimating the population proportion by a confidence interval is given by:

$\hat{p}\pm z_{\alpha /2}\times\sqrt{\frac{\hat{p}\times(1-\hat{p})}{n}}$

Where:

$\hat{p}$ is the sample's proportion of success, which in this case is the people that regularly lie during surveys,

$z_{\alpha /2}$ is the critical value needed to find the tails of distribution related to the confidence level,

$n$ is the sample's size.

<u>First</u> we compute the $\hat{p}$ value:

$\hat{p}=\frac{successes}{n}=\frac{98}{603}=0.1625$

<u>Next</u> we find the z-score at any z-distribution table or app (in this case i've used StatKey):

$z_{\alpha /2}=2.576$

Now we can replace in the formula with the obtained values to compute the confidence interval:

$\hat{p}\pm z_{\alpha /2}\times\sqrt{\frac{\hat{p}\times(1-\hat{p})}{n}}=0.1625\pm 2.576\times\sqrt{\frac{0.1625\times(1-0.1625)}{603}}=(0.1238, 0.2012)$

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3 years ago

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Sveta_85 [38]

Answer:

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Step-by-step explanation:

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<em>Hope this helps!!!</em>

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