Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A union of restaurant and foodservice workers would like to estimate the mean hourly wage, I, of foodservice workers in the U.S. The union will

image text in transcribed
A union of restaurant and foodservice workers would like to estimate the mean hourly wage, I, of foodservice workers in the U.S. The union will choose a random sample of wages and then estimate ( using the mean of the sample. What is the minimum sample size needed in order for the union to be 95% confident that its estimate is within $0.45 of p? Suppose that the standard deviation of wages of foodservice workers in the U.S. is about $2.15. Carry your intermediate computations to at least three decimal places. Write your answer as a whole number (and make sure that it is the minimum whole number that satisfies the requirements). (If necessary, consult a list of formulas.) X 5

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

How To Prove It A Structured Approach

Authors: Daniel J Velleman

2nd Edition

0511159439, 9780511159435

More Books

Students also viewed these Mathematics questions

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago

Question

2. Discuss the types of messages that are communicated nonverbally.

Answered: 1 week ago