Question: A university official wants to estimate with 99 confidence and

A university official wants to estimate, with 99% confidence and within $2, the average amount that members of fraternities and sororities spend at local restaurants during the first week of the semester. If the total fraternity/sorority membership is 300 people, how many members should be included in the sample? Use (and explain) your own estimate for the population standard deviation.

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  • CreatedSeptember 08, 2015
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