A survey of low-income families in New Jersey was designed to determine the average heating costs for

Question:

A survey of low-income families in New Jersey was designed to determine the average heating costs for a family of 4 during January and February. Heating costs are known to have a standard deviation of $25.75. The economists conducting the study wish to construct a 95 % confidence interval with a margin for sampling error of no more than $3.95. Find the appropriate sample size.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

Question Posted: