Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a simple random sample of 285 part time workers finds that the average wage is $19.32 with a standard deviation of $2.61. The data follows

a simple random sample of 285 part time workers finds that the average wage is $19.32 with a standard deviation of $2.61. The data follows the normal curve.

As part of an effort to push for higher wages, suppose that labor unions want to know, with 99% confidence, the average wage of part time workers to within $0.25. Determine the appropriate sample size.

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_2

Step: 3

blur-text-image_3

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

Elementary Statisitcs

Authors: Barry Monk

2nd edition

1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296

More Books

Students also viewed these Mathematics questions

Question

Discuss group rewards and goals

Answered: 1 week ago

Question

10. What are the decisions typically made by OM professionals?

Answered: 1 week ago