Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An e-marketing consultant is hired to determine how long customers spend, on average, on a company's website. If the standard deviation is known from

 

An e-marketing consultant is hired to determine how long customers spend, on average, on a company's website. If the standard deviation is known from previous studies to be approximately 4.1 minutes, determine the number of customers that needs to be sampled in order to determine the mean length of time spent on the company's website, accurate to within a margin of error of 0.8 minutes, at the 2% level of significance.

Step by Step Solution

3.36 Rating (171 Votes )

There are 3 Steps involved in it

Step: 1

Graph for each situation as shown below Give... 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

Step: 3

blur-text-image

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 Statistics In Social Research Essentials

Authors: Jack A. Levin, James Alan Fox

3rd Edition

0205638007, 978-0205638000

More Books

Students also viewed these Accounting questions