Draw a finite state machine which will accept the regular expression:
$(a^2)^* + (b^3)^*$
In particular, I am confused by the $+$ sign, what does it exactly mean? Most literature I could find about $+$ is $a^+$, which means 1 or more $a$; but here it is clearly not the same meaning.

Start at state $q_{0}$. On input of $a$, transition to state $q_{1}$. On input of $b$, go to $q_{2}$.
While on $q_{1}$, if there is an input of $a$, go to $q_{0}$.
While on $q_{2}$, if an input of $b$, go to $q_{3}$. On $q_{3}$, on input of $b$, go to $q_{4}$. While on $q_{4}$, go to $q_{2}$ on input of $b$.
The accepting states are $q_{0}$ and $q_{4}$. Of course, you could have $q_{0}$ and $q_{4}$ go to a separate accepting state on input $\epsilon$, the empty string.