FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A random sample of 38 persons who shopped on black Friday was collected to estimate the average number of hours spent shopping on black Friday.

A random sample of 38 persons who shopped on black Friday was collected to estimate the average number of hours spent shopping on black Friday. If the mean hour is 6.08 and the standard deviation is 2.755. How many shoppers should be included in a sample to estimate the average hour if you want the estimate to deviate no more than 0.5 hour from the true mean?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra 1, Grades 9-12

Algebra 1, Grades 9-12

Authors: MCDOUGAL LITTEL

Florida Edition

9780618371839, 0618371834

More Books

Students also viewed these Mathematics questions

Question

★★★★★
If you were the leader of a newly formed team, what might you do to make sure that the team developed norms of high performance?

Answered: 1 week ago

Question

★★★★★
On April 1, Splish Brothers Inc. began operations. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. Issued common stock for $21,100 cash. Obtained a bank loan for...

Answered: 1 week ago

Question

★★★★★
16. What is the CYK Algorithm and how does it work?

Answered: 1 week ago

Question

★★★★★
In a recent poll, the Gallup Organization found that 45% of adult Americans believe that the overall state of moral values in the United States is poor. Suppose a survey of a random sample of 500...

Answered: 1 week ago

Question

★★★★★
A random sample of 38 persons who shopped on black Friday was collected to estimate the average number of hours spent shopping on black Friday. If the mean hour is 6.08 and the standard deviation is...

Answered: 1 week ago

Question

★★★★★
Selecting Kanton Company's Financing Strategy and Unsecured short-Term Borrowing Arrangement. Morton Mercado, the CFO of Kanton Company, carefully developed the estimates of the firm's total funds...

Answered: 1 week ago

Question

★★★★★
Presented below are condensed financial statements adapted from those of two actual companies competing as the primary players in a specialty area of the food manufacturing and distribution industry....

Answered: 1 week ago

Question

★★★★★
The stockholders' equity section of Concord Corporation appears below as of December 31, 2025. 8% preferred stock. $50 par value, authorized 89,200 shares, outstanding 79,200 shares $3,960,000 Common...

Answered: 1 week ago

Question

★★★★★
which statement accurately describes a purpose of DoD systems engineering (SE)? select three correct answers. a. SE integrates specialty engineering disciplines during the development, manufacturing,...

Answered: 1 week ago

Question

★★★★★
Prepare a statement of cash flows for Sheridan Company using the direct method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN...

Answered: 1 week ago

Question

★★★★★
The following transactions pertain to Smith Training Company for Year 1: January 30 Established the business when it acquired $45,000 cash from the issue of common stock. February 1 Paid rent for...

Answered: 1 week ago

Previous Question Next Question