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You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population

You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately =26.7=26.7 dollars. You would like to be 95% confident that your estimate is within 10 dollar(s) of average spending on the birthday parties. How many moms do you have to sample? Do not round mid-calculation. n = Try this with your statistics calculator, if you increases the confidence level, the sample size

  • increases
  • decreases

If you decreases the error bound, the sample size

  • decreases
  • increases

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