To find a percent, you use this simple formula:
5000/62000 = x/100
In this case, x is going to be your percent of commission.
So, to find this, you first divide 5000 by 62000, which is about equal to 0.08.
Now your equation looks like this:
0.08 = x/100
Next, you multiply both sides by 100 to reverse the operation. Now, your equation will look like this:
8 = x
So, the answer is 8%.
No
X would have to equal 6 or greater as if x was 5
5+3 is the same as 8
Using the z-distribution, it is found that the margin of error is of 0.059.
We are given the standard deviation for the population, hence the <em>z-distribution</em> is used.
<h3>What is the margin of error for a z-confidence interval?</h3>
It is given by:

In which:
is the population standard deviation.
In this problem, the parameters are:
.
- Confidence level of 0.90, hence, using a z-distribution calculator, the critical value is z = 1.645.
Then:



The margin of error is of 0.059.
You can learn more about the z-distribution at brainly.com/question/12517818