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 50 days. If you want to estimate the population mean within 4 days, how many salespeople should you sample? Use the 99% confidence level. (Use z Distribution Table) (Round up your answer to the next whole number.) Number of outside salespeople

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

QuickBooks Step-by-Step Guide To Bookkeeping And Accounting For Beginners

Authors: Kevin Ellis

1st Edition

1951345126, 978-1951345129

More Books

Students also viewed these Accounting questions

Question

=+g. Does it deliver one, instantly understandable message?

Answered: 1 week ago

Question

=+e. Does it entertain, inform and/or engage the reader?

Answered: 1 week ago

Question

=+h. Do all of the related materials project one cohesive message?

Answered: 1 week ago