Answered step by step
Verified Expert Solution
Question
1 Approved Answer
650-Q2 You are trying to take a sample from a large population, and need to determine the appropriate sample size. You are estimating sales at
650-Q2
You are trying to take a sample from a large population, and need to determine the appropriate sample size. You are estimating sales at a large chain of department stores.
A previous survey from the same population found a standard deviation of $18.
What sample size is needed to have a 95% confidence of estimating the population mean within plus/minus $5? Show your work.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started