It costs you $10 to draw a sample of size n = 1 and measure the attribute
Question:
a. Do you have sufficient funds to estimate the population mean for the attribute of interest with a 95% confidence interval 4 units in width? Assume that ( = 12.
b. If a 90% confidence level were used, would your answer to part a change? Explain.
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a To compute the needed sample size use From Table ...View the full answer
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