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A researcher for a diet products company conducted a study to measure the calories consumed by a population of elderly women using a sample of
A researcher for a diet products company conducted a study to measure the calories consumed by a population of elderly women using a sample of 36 women. The results indicated that the average calories consumed by this target were 1550 with a standard deviation of 300. The researcher expects that by reducing the standard error by half she could obtain a benefit of 2000 Euros. If it costs 20 Euros per additional subject, should she reduce her standard error?
Select one:
a. Yes
b. No
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