Question
A random sample of 30 observations with a mean of 81 is selected from a normally distributed population. Assume the population standard deviation is 24.
A random sample of 30 observations with a mean of 81 is selected from a normally distributed population. Assume the population standard deviation is 24.
In developing a(n) 82% confidence interval estimate for the population mean, determine the following values:
a) [Do not round] Point Estimate =
b) [2 decimal places] Significance level () =
Round the critical value to two (2) decimal places and use the rounded value to calculate the remaining parts.
c) [Enter a positive value] Critical value =
d) [3 decimal places] Standard Error of the Mean =
e) [1 decimal place] Margin of Error =
f) [1 decimal place] Lower Confidence Limit =
g) [1 decimal place] Upper Confidence Limit =
How large a sample is required to keep the margin of error within 2 units with 82% confidence?
Report your answer as an integer.
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