Answer:
242.975609756
Step-by-step explanation:
2 / 0.08 = 25
<span>Therefore, 8 percent of 25 is 2.</span>
The equation is Y= 2x + 4
4,034.06 ,5,965.94 are confidence interval for the population average wages at the factory.
What is confidence interval estimation?
Your estimate's mean plus and minus the range of that estimate's fluctuation is called a confidence interval.
If you repeat your test, you can expect your estimate to fall between these numbers with a reasonable degree of certainty. Another term for probability in statistics is confidence.
The formula for confidence interval estimation is:
μ = M ± Z(sM)
where:
M = sample mean
Z = Z statistic determined by confidence level
sM = standard error = √(s2/n)
M = 50000
Z = 2.58
sM = √(30002/64) = 375
μ = M ± Z(sM)
μ = 50000 ± 2.58*375
μ = 50000 ± 965.94
μ = 4,034.06 ,5,965.94
Learn more about confidence interval
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