According to a survey, the average number of 9 ounce coffee cups consumed daily is 3.1 Assume
Question:
According to a survey, the average number of 9 ounce coffee cups consumed daily is 3.1 Assume that the standard deviation is 0.5 cup. A researcher surveys the daily coffee consumption habits in the state of Washington D.C. He draws a sample of 36. Calculate the probability that the sample mean will be
a. between 3 and 3.01?
b. greater than 3.2?
c. less than 3?
d. Calculate the range of the sample average mean for the middle 95% area within which the sample means will lie.
e. If the researcher is willing to limit the standard error to 1.5% of population mean, is the sample size large enough?
f. If the researcher is willing to limit the standard error to 3% of population mean, then what should be the sample size?
Step by Step Answer:
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene