I think it’s 54% bc it’s close to 50, but 27-23=4
It looks like 19 would be.
I don't know any slick way to find it, other than just slugging it out.
The confidence interval is given by the formula:
m +/- z·(σ/√n)
First, compute the mean:
m = (<span>15.8 + 15.6 + 15.1 + 15.2 + 15.1 + 15.5 + 15.9 + 15.5) / 8
= 15.463
Then, compute the standard deviation:
</span>σ = √[∑(v - m)²/n]
= 0.287
The z-score for a 95% confidence interval is z = 1.96.
Now you can calculate:
m + z·(σ/√n) = 15.463 + 1.96·(0.287/√8)
= 15.463 + 0.199
= 15.662
m - z·(σ/√n) = 15.463 - 1.96·(0.287/√8)
= 15.463 - 0.199
= 15.264
Therefore the confidence interval is (15.264, <span>15.662) and the correct answer is E) none of the above.</span>
Given:
Rate of commission = 10% on each sale
Commission = $450
To find:
The total sales.
Solution:
Let the total sales be x. Then,
Commission = 10% of total sales
Multiply both sides by 10.
Therefore, the total sales is $4500.
