Question
A survey of 39 randomly selected iPhone owners showed that the purchase pricehas a mean of $403 with a sample standard deviation of $160. a.
A survey of 39 randomly selected "iPhone" owners showed that the purchase pricehas a mean of $403 with a sample standard deviation of $160.
a.Compute the standard error of the sample mean.(Round the final answer to the nearest whole number.)
Standard error= 26
b.Compute the 95% confidence interval for the mean.(Round the final answers to 2 decimal places.)
The confidence interval is between $351.13and $454.87.
c.How large a sample is needed to estimate the population mean within $11 at a 95% degree of confidence?(Round the final answer to the nearest whole number.)
Sample size______?
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