Please help its a test!! will give brainliest to correct ANSWRS only
1 answer:
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Answer:
a) $40920
b) $38500
Step-by-step explanation:
Given:
5 employees,
Mean = $40300
Median = $38500
Min = $32000
If he lowest paid employee gets a $3100 raise, then his salary becomes
$32000+$3100=$35100
a) If the mean was $40300, then the sum of 5 salaries is
After raising the lowest salary the sum becomes
and new mean is
b) The lowest salary becomes $35100. It is still smaller than the median, so the new median is the same as the old one.
New median = $38500
Answer:
we can conclude at 95% of confidence that the true proportion of interest for this case is between 0.287 and 0.613
Step-by-step explanation:
The estimated proportion of interest is
We need to find a critical value for the confidence interval using the normla standard distributon. For this case we have 95% of confidence, then the significance level would be given by and
.
And the critical value is:
The confidence interval for the true population proportion is interest is given by this formula:
Replacing the values provided we got:
And we can conclude at 95% of confidence that the true proportion of interest for this case is between 0.287 and 0.613