Question
:(10 points) The analyst at PayPal continues to expand his analysis and begins to study PayPal customers in Europe.He modifies his definition of X to
:(10 points)
The analyst at PayPal continues to expand his analysis and begins to study PayPal customers in Europe.He modifies his definition of X to change the units from US dollars to Euros:
LetX =amount by which an individual customer has exceeded their credit limit
for a given month (measured in Euros)
An initial small sample (n = 20) is taken and the following statistics are calculated:
= 800s = 207.395
How many more PayPal customers should be added to the sample if the analyst would like to be 99% confident that his estimate of X was within 50 of the true value?
Number of additional PayPal customers needed in sample =
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