Question
The question is from the text book: Gerald Keller Statistics: For Management and Economics, 10 E. Q 10.53. A statistics professor wants to compare today's
The question is from the text book: Gerald Keller Statistics: For Management and Economics, 10 E.
Q 10.53. A statistics professor wants to compare today's students with those 25 years ago. All his current students' marks are stored on a computer so that he can easily determine the population mean. However, the marks 25 years ago reside only in his musty files. He does not want to retrieve all the marks and will be satisfied with a 95% confidence interval estimate of the mean mark 25 years ago. If he assumes that the population standard deviation is 12, how large a sample should he take to estimate the mean within 2 marks?
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