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lianna [129]
3 years ago
15

In the equation Ax + By = C, A and B

Mathematics
1 answer:
Rudik [331]3 years ago
3 0

Answer:

0(x) + BY=c

0 + By = c

By = c

divide both sides by BY

BY/by = c/By

= c/by

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The American Management Association is studying the income of store managers in the retail industry. A random sample of 49 manag
VashaNatasha [74]

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 \alpha level, that is the subtraction of 1 by the confidence interval divided by 2. So:

\alpha = \frac{1 - 0.95}{2} = 0.025

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

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

Now, find the margin of error M as such

M = z\frac{\sigma}{\sqrt{n}}

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M = 1.96\frac{2050}{\sqrt{49}} = 574

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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.

5 0
2 years ago
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