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You work for a research firm that has been contracted to estimate the mean interest on credit card debt in 2020. Past studies have shown
You work for a research firm that has been contracted to estimate the mean interest on credit card debt in 2020. Past studies have shown the standard deviation to be $3,100. Make a decision for your research firm: Determine with 92% confidence the number of accounts that must be sampled to estimate the mean interest to within $150.
Specify the z-score you used to arrive at this answer.
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