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A Okeechobee city official would like to estimate the average monthly rent of all rental units in okeechobee, using a 97% confidence interval. The standard
A Okeechobee city official would like to estimate the average monthly rent of all rental units in okeechobee, using a 97% confidence interval. The standard deviation of the monthly rent of all rental units in okechobee is known to be $58.32. How large a sample should the official select so that the estimate for the mean monthly rent is within $6.68 of the true population mean monthly rent.
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