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Merril lynch Securties and Health Care Retirement inc, are two large employers in downtown Toledo, Ohio. They are considering jointly offering child care for their
Merril lynch Securties and Health Care Retirement inc, are two large employers in downtown Toledo, Ohio. They are considering jointly offering child care for their employees. As a part of the feasibility study, they wish to estimate the mean weekly child care cost of their employees with 95% confidence. Based on a previous study, the standard deviation of the weekly child-care is $5.7. How large a sample is needed to keep the margin of error as small as $0.5?
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