Question
A survey of 51 randomly selected iPhone owners showed that the purchase price has a mean of $424 with a sample standard deviation of $180.
A survey of 51 randomly selected iPhone owners showed that the purchase price has a mean of $424 with a sample standard deviation of $180.
a. Compute the standard error of the sample mean. (Round the final answer to the nearest whole number.)
Standard error $
b. Compute the 80% confidence interval for the mean. (Round the final answers to 2 decimal places.)
The confidence interval is between $ and $ .
c.How large a sample is needed to estimate the population mean within $14 at a 80% degree of confidence?(Round the final answer to the nearest whole number.)
Sample size
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