Suppose we want a 90% confidence interval for the average amount spent on books by freshmen in
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Suppose we want a 90% confidence interval for the average amount spent on books by freshmen in their first year at a major university. The interval is to have a margin of error of $2. Based on last year’s book sales, we estimate that the standard deviation of the amount spent will be close to $30. The number of observations required is closest to
(a) 25.
(b) 30.
(c) 608.
(d) 609.
(e) 865.
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