A researcher wishes to estimate the mean amount of money spent per month on food by households in a certain neighborhood. She desires a margin of error of $30. Past studies suggest that a population standard deviation of $248 is reasonable. Estimate the minimum sample size needed to estimate the population mean with the stated accuracy.

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The Answer of A researcher wishes to estimate the mean amount of money spent per month on food by households in a certain neighborhood. She desires a margin of error of $30. Past studies suggest that a population standard deviation of $248 is reasonable. Estimate the minimum sample size needed to estimate the population mean with the stated accuracy.

A Researcher Wishes to Estimate the Mean Amount of Money