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3 years ago

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Sam works at a shoe store. He earns $300 every week plus $15 for every pair of shoes that he sells. How many pairs of shoes woul

d he need to sell to make $500 in a week?

1 answer:

ser-zykov [4K]3 years ago

8 0

Answer:

300 + 15x = 500

15x = 200

x = 200/15

x=13.333

14 pair of shoes

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X$ represent the sample mean for the sample

$\mu$ population mean (variable of interest)

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Solution to the problem

The confidence interval for the mean is given by the following formula:

$\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}$ (1)

Since the Confidence is 0.94 or 94%, the value of $\alpha=0.06$ and $\alpha/2 =0.03$ , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.03,0,1)".And we see that $z_{\alpha/2}=1.8808$

The margin of error is given by:

$ME= 1.8808 * \frac{80}{\sqrt{400}} =7.5232$

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