FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You wish to estimate the mean number of travel days per year for salespeople. The mean of a small pilot study was 150 days, with

image text in transcribed
You wish to estimate the mean number of travel days per year for salespeople. The mean of a small pilot study was 150 days, with a standard deviation of 30 days. If you want to estimate the population mean within 4 days, how many salespeople should you sample? Use the 95% confidence level (Use z Distribution Table:) (Round up your answer to the next whole number.) Number of outside salopeople

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Preparing Financial Statements AAT Level 3 Study Text And Exam Practice Kit

Financial Accounting Preparing Financial Statements AAT Level 3 Study Text And Exam Practice Kit

Authors: MarZar Ltd

1st Edition

979-8846976672

More Books

Students also viewed these Accounting questions

Question

★★★★★
A company reports inventory using the lower-of-cost-or-market method. Below is information related to its year-end inventory (assume the company applies lower-of-cost-or-market rule to each inventory...

Answered: 1 week ago

Question

★★★★★
In some quarters compromise tends to be regarded as an undesirable condition to be avoided. Why might this be so, and what is wrong with this stance?

Answered: 1 week ago

Question

★★★★★
=+9.44 Fat contents (in percentage) for 10 randomly selected hot dogs were given in the article Sensory and Mechanical Assessment of the Quality of Frankfurters (Journal of Texture Studies [1990]:...

Answered: 1 week ago

Question

★★★★★
The following remark was overheard at a meeting between managers and a systems analysis team at the Fence-Me-In fencing company: You told us the prototype would be finished three weeks ago. Were...

Answered: 1 week ago

Question

★★★★★
You wish to estimate the mean number of travel days per year for salespeople. The mean of a small pilot study was 150 days, with a standard deviation of 30 days. If you want to estimate the...

Answered: 1 week ago

Question

★★★★★
Chapter 6 - Problem 2 (a,b,c) In the United States, 2018 was a bad year for growing wheat. And as wheat supply decreased, the price of wheat rose dramatically, leading to a lower quantity demanded (a...

Answered: 1 week ago

Question

★★★★★
It consists of establishing objectives for a specific period of time that will lead you to your long-term professional goal. ( ( A . . Race, B . . Professional Development, C . . Career plan, D . ....

Answered: 1 week ago

Question

★★★★★
If an individual agrees to participate in a research study because he or she believes that harm or punishment will result for refusing to participate in the study, the individual's decision to...

Answered: 1 week ago

Question

★★★★★
Ethics Some operating systems can be run directly from an optical disc or flash drive. Booting a computer this way circumvents the OS installed on the hard drive of the system. In a school or...

Answered: 1 week ago

Question

★★★★★
On June 1, 2025, Pharoah Service Co. was started with an initial investment in the company of $21,450 cash. Here are the assets. liabilities, and common stock of the company at June 30, 2025, and the...

Answered: 1 week ago

Question

★★★★★
The Sodus Company produces engine parts for car manufacturers. A new accountant intern at Sodus has accidentally deleted the calculations on the company's variance analysis calculations for the year...

Answered: 1 week ago

Question

★★★★★
Define technical words and explain how you would make decisions about their use in your business messages. (Objective 1)

Answered: 1 week ago

Question

★★★★★
Give three examples of vague or abstract words and how they could be made more specific. (Objective 1)

Answered: 1 week ago

Question

★★★★★
Define the KISS principle of business communication and discuss the advantages of its use. (Objective 1)

Answered: 1 week ago

Previous Question Next Question