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A Fund Company would like to estimate the average daily price of a particular stock in a 10-year period with a 90% confidence level and
A Fund Company would like to estimate the average daily price of a particular stock in a 10-year period with a 90% confidence level and a margin of error within plus or minus $2.00.Assuming the standard deviation $12.50 over this period of time, determine the required sample size. (include all formulas,identify all variables,show allcalculations, and draw and shade your distributions)
Identify the following variables (omit thedollar signs):
a.z =
b.standard deviation =
c.margin of error =
d.The required sample size is
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