Solved

Use the Given Information to Find the Minimum Sample Size μ\mu

Question 139

Multiple Choice

Use the given information to find the minimum sample size required to estimate an unknown population mean μ\mu
-How many business students must be randomly selected to estimate the mean monthly earnings of business students at one college? We want 95% confidence that the sample mean is within $135 of the population mean,
And the population standard deviation is known to be $538.


A) 86
B) 62
C) 43
D) 54

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents