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A hotel chain wants to determine a 99% confidence interval for the daily mean occupancy of its rooms. It wants the interval to be no
A hotel chain wants to determine a 99% confidence interval for the daily mean occupancy of its rooms. It wants the interval to be no more than plus or minus 5 rooms. a. How many days should be sampled to construct this interval if standard deviation of population = 12 rooms per day? How many days should be sampled to construct this interval if standard deviation of population= 10 rooms per day? Why has the number of days changed?
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