Answer:
Step-by-step explanation:
This is a quadratic sequence.
The nth term must have .
The sequence has a factor of .
Few terms to this sequence are:
5, 20, 45, 80, 125, 180, 245, 320, 405, 500, 605, 720, 845, 980, 1125, 1280, 1445, 1620, 1805, 2000, 2205, 2420, 2645, 2880, 3125, 3380, 3645, 3920, 4205, 4500, 4805, 5120, 5445, 5780, ...
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 level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Z-table as such z has a p-value of .
That is z with a p-value of , so Z = 1.96.
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
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.