When the base salary was $400 with 5% commission gross pay was $893.00
When the base salary increased by 6% with 5% commission gross pay was $917.00
When base salary was $400 and the commission increased to 15% gross pay was $1,879.00
What is the gross pay of Nick Antonelli?
The gross pay is the base salary of $400 plus 5% of all his sales
base salary=$400
sales revenue=$9,860
5% of all sales=5%*$9,860
5% of all sales=$493.00
gross pay=$400.00+$493.00
gross pay=$893.00
What is the new base salary with a 6% increase?
new base salary=$400*(1+6%)
new base salary=$424.00
5% of all sales=$493.00
gross pay=$424.00+$493.00
gross pay=$917.00
What is the new commission rate with a 10% increase?
The new commission rate is 15%(10%+5%)
new commission=15%*$9860
new commission=$1,479
gross pay=$400+$1479
gross pay=$1,879.00
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The answer is the first option, you multiply 14^2 by 9
Answer: 0.24 +/- 0.088 = (0.152, 0.328)
Step-by-step explanation:
The point estimate p is given by;
p= 24/ 100 = 0.24
Z value for 96% confidence interval is 2.05
The solution for the given confidence interval is derived using the equation
p +/- z√(pq/n)
Where p = 0.24 q= 1-p = 0.76, n=100 z= 2.05
= 0.24 +/- 2.05√(0.24×0.76/100)
= 0.24 +/- 2.05(0.0427)
=0.24 +/- 0.088
= ( 0.152, 0.328)
