Answer:
where f(x) is the bonus every year and x is in number of years
Step-by-step explanation:
The function that represents the situation where $840 annual bonus increases by 5% each year is given by
where f(x) is the bonus every year and x is in number of years
Answer:
Due to the larger sample size, the confidence interval of the second group will have greater precision for estimating the population mean.
Step-by-step explanation:
Margin of error of a confidence interval:
The equation for the margin of error of a confidence interval has the following format:
In which z is related to the confidence level, is the standard deviation of the population and n is the size of the sample.
From this, we can infer that a larger size leads to a greater precision of the interval, that is, a lesser margin of error.
In this question:
The sample from the first group survey has 49 data values, and from the second group has 81.
Due to the larger sample size, the confidence interval of the second group will have greater precision for estimating the population mean.