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An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. He believes that the mean
An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. He believes that the mean income is$20.4, and the standard deviation is known to be$8.8. How large of a sample would be required in order to estimate the mean per capita income at the98% level of confidence with an error of at most$0.54? Round your answer up to the next integer.
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