Question: A major electric utility would like to determine the average amount spent per household for cooling during the summer. The management believes that a survey

A major electric utility would like to determine the average amount spent per household for cooling during the summer. The management believes that a survey should be conducted. You are appointed as a consultant. What procedure would you recommend for determining the sample size? Make a presentation about this project to three students who represent the Chief Operating Officer, Chief Financial Officer, and the Chief Marketing Officer of this utility.

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