SOLUTION:
Step 1 :
In this question, we are told that a marketing research company needs to estimate the average total compensation of CEOs in the service industry.
We also have that: Data were randomly collected from 38 CEOs and the 98% confidence interval was calculated to be ($2,181,260, $5,836,180).
Then, we are asked to find the margin error for the confidence interval.
Step 2:
We need to recall that:
![\text{Higher Confidence Interval, CI}_{H\text{ = }}X\text{ + }\frac{Z\sigma}{\sqrt[]{n}}](https://tex.z-dn.net/?f=%5Ctext%7BHigher%20Confidence%20Interval%2C%20CI%7D_%7BH%5Ctext%7B%20%3D%20%7D%7DX%5Ctext%7B%20%2B%20%7D%5Cfrac%7BZ%5Csigma%7D%7B%5Csqrt%5B%5D%7Bn%7D%7D)
![\text{Lower Confidence Interval , CI}_{L\text{ }}=\text{ X - }\frac{Z\sigma}{\sqrt[]{n}}](https://tex.z-dn.net/?f=%5Ctext%7BLower%20Confidence%20Interval%20%2C%20CI%7D_%7BL%5Ctext%7B%20%7D%7D%3D%5Ctext%7B%20X%20-%20%7D%5Cfrac%7BZ%5Csigma%7D%7B%5Csqrt%5B%5D%7Bn%7D%7D)
It means that:
![\text{Margin of error, }\frac{Z\sigma}{\sqrt[]{n}\text{ }}\text{ = }\frac{CI_{H\text{ - }}CI_L}{2}](https://tex.z-dn.net/?f=%5Ctext%7BMargin%20of%20error%2C%20%7D%5Cfrac%7BZ%5Csigma%7D%7B%5Csqrt%5B%5D%7Bn%7D%5Ctext%7B%20%7D%7D%5Ctext%7B%20%3D%20%7D%5Cfrac%7BCI_%7BH%5Ctext%7B%20-%20%7D%7DCI_L%7D%7B2%7D)
where,
putting the values into the equation for the margin of error, we have that:
![\text{Margin of error,}\frac{Z\sigma}{\sqrt[]{n}\text{ }}\text{ = }\frac{5,836,180\text{ - }2,181,260\text{ }}{2}](https://tex.z-dn.net/?f=%5Ctext%7BMargin%20of%20error%2C%7D%5Cfrac%7BZ%5Csigma%7D%7B%5Csqrt%5B%5D%7Bn%7D%5Ctext%7B%20%7D%7D%5Ctext%7B%20%3D%20%7D%5Cfrac%7B5%2C836%2C180%5Ctext%7B%20%20-%20%7D2%2C181%2C260%5Ctext%7B%20%7D%7D%7B2%7D)
CONCLUSION:
The margin error for the confidence interval is 1, 827, 460
Answer:
D is the answer
Step-by-step explanation:
multiple the exponents when the equation is in parenthesis like that! and do 3 cubed which equals 27.
Answer:
A: a^3
B: c^1 or just c
Step-by-step explanation:
Subtract the exponents
12/50=24% of student bring lunch so 24%-524=398 student buy lunch out of 524
Answer:
31
Step-by-step explanation:
First type of clay required 3 cups of flour per batch
She made 5 batches
5 * 3 = 15
So she used 15 cups of flour for the first type of clay
Second kind of clay required 4 cups of flour per batches
She made 4 batches
4 * 4 = 16
So she used 16 cups of flour for the second type of clay
we now add the total number of cups of flour used for each type of clay
16 + 15 = 31
She used a total of 31 cups of flour
