Answer:
C) $573.75
Step-by-step explanation:
We can come up with the equation of this Gross Weekly pay as:
Where P is the amount Larry will get paid, t is the time worked and S is the amount of sales he generated that week. This was derived from the fact that 11.25 is the slope and 0.045S is the y-intercept. By plugging in those values we have:
C) $573.75
Answer:
The 99% confidence interval of the population standard deviation is 1.7047 < σ < 7.485
Step-by-step explanation:
Confidence interval of standard deviation is given as follows;
s =
Where:
= Sample mean
s = Sample standard deviation
n = Sample size = 7
χ = Chi squared value at the given confidence level
= ∑x/n = (62 + 58 + 58 + 56 + 60 +53 + 58)/7 = 57.857
The sample standard deviation s = = 2.854
The test statistic, derived through computation, = ±3.707
Which gives;
1.7047 < σ < 7.485
The 99% confidence interval of the population standard deviation = 1.7047 < σ < 7.485.