Use the data in Problem 89 to determine the appropriate sample sized under an optimal allocation rule.

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Use the data in Problem 89 to determine the appropriate sample sized under an optimal allocation rule.

Problem 89

Prof. Anderson would like to estimate the monthly expenditure on mobile phone communication. If he would like a level of precision of $5, determine the total number of sample observations under a proportional allocation.image text in transcribed

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

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

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