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A previous study that investigated the out of pocket cost (after insurance) of having a child at a hospital in the United States found a
A previous study that investigated the out of pocket cost (after insurance) of having a child at a hospital in the United States found a mean cost of approximately $827 for the entire stay with a population standard deviation of $181.
Suppose the project director wants an estimate of the population mean birthing cost such that there is a .95 probability that the sampling error is $43 or less.
How large a sample size is needed to meet the required precision?
ROUND TO TWO DECIMALS (EVEN THOUGH IT DOESN'T MAKE SENSE)
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