Answered step by step
Verified Expert Solution
Question
1 Approved Answer
To estimate the mean number of days a stock has positive daily increases within a year, business researchers initiated a study. From previous similar studies
To estimate the mean number of days a stock has positive daily increases within a year, business researchers initiated a study. From previous similar studies it is known that the standard deviation of the population is 10.21. With this planning value, what sample size must now be taken for the 95% confidence interval to have the margin of error of 1.17? Use the fact that 95% of normally distributed observations are within 1.96 standard deviations.
Step by Step Solution
★★★★★
3.41 Rating (157 Votes )
There are 3 Steps involved in it
Step: 1
Solution Given data popu...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
6363606944830_238207.pdf
180 KBs PDF File
6363606944830_238207.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started