Select the correct answer. The branch manager of a clothing store is analyzing the average total bill of sale for his location. The national manager has communicated that

the overall population mean is $45.90 with a standard deviation of $10.3.1. The branch manager has a sample of 400 total bills of sale for his

location. By the central limit theorem, which interval can the branch manager be 95% certain that the sample mean will fall within?

We can be 95% certain that the sample mean will fall within $44.87 and $46.93

Step-by-step explanation:

Empirical Rule:

68% of the measures are within 1 standard deviation of the mean.

95% of the measures are within 2 standard deviation of the mean.

99.7% of the measures are within 3 standard deviations of the mean.

Central Limit Theorem:

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean and standard deviation , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean and standard deviation .

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Population:

Mean $45.90, standard deviation $10.31.

Sample:

By the Central limit theorem, mean $45.90, standard deviation

Which interval can the branch manager be 95% certain that the sample mean will fall within?

By the Empirical Rule, within 2 standard deviations of the mean. So

45.90 - 2*0.5155 = $44.87

45.90 + 2*0.5155 = $46.93

We can be 95% certain that the sample mean will fall within $44.87 and $46.93

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720