The standard deviation of a population is 4.1.
what is the margin of error?

Margin of error is 4.1

Step-by-step explanation:

The margin of error in statistics refers to a quantity which expresses the amount of random sampling error from the results of a survey conducted. A large margin of error implies less confidence in the results of the survey.

The margin of error can be approximated using the population standard deviation, if known.

Therefore, the margin of error will be reported as 4.1

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get