document.write( "Question 773407: A recruiter estimates that if you are hired to work for her company and you put in a full week at the commissioned sales representative position she is offering, you will make “$525 plus or minus $250, 80% of the time.” She adds, “It all depends on you!” If the $525 is the mean, state what the following figures stand for in terms of the confidence interval around this mean.
\n" ); document.write( "- What does the “$525 plus or minus $250” mean?
\n" ); document.write( "- What does the “80% of the time” mean?\r
\n" ); document.write( "\n" ); document.write( "Any help would be greatly appreciated :) \n" ); document.write( "

Algebra.Com's Answer #471522 by stanbon(75887) $\"\"$ $\"About$

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A recruiter estimates that if you are hired to work for her company and you put in a full week at the commissioned sales representative position she is offering, you will make “$525 plus or minus $250, 80% of the time.” She adds, “It all depends on you!” If the $525 is the mean, state what the following figures stand for in terms of the confidence interval around this mean.
\n" ); document.write( "- What does the “$525 plus or minus $250” mean?
\n" ); document.write( "Your weekly salary will be between $275 and $775.
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\n" ); document.write( "- What does the “80% of the time” mean?
\n" ); document.write( "You can have 80% confidence that your weekly salary will be
\n" ); document.write( "between $275 and $775.
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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\n" ); document.write( " \n" ); document.write( "

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