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The results of a sample of 80 customers are: Average amount spent: Standard deviation: Number who bought an item of supporter's apparel: 20. The owner
The results of a sample of 80 customers are:
Average amount spent:
Standard deviation:
Number who bought an item of supporter's apparel: 20.
The owner of a competing store decides to conduct his own survey.
c)What sample size does he need if he wants to estimate a 90% confidence interval for the mean amount spent to within , assuming a standard deviation of $8.50? How would the sample size change if he were to estimate it a 99% confidence interval instead?
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