In a large-scale, cost-of-living survey undertaken last January, weekly grocery expenses for families with one or two

Question:

In a large-scale, cost-of-living survey undertaken last January, weekly grocery expenses for families with one or two children were found to have a mean of $148 and a standard deviation of $25. To investigate the current situation, a random sample of families with one or two children is to be chosen and their last week's grocery expenses are to be recorded.
(a) How large a sample should be taken if one wants to be 95% sure that the error of estimation of the population mean grocery expenses per week for families with one or two children does not exceed $2? (Use the previous s as an estimate of the current cr.)
(b) A random sample of 100 families is actually chosen, and from the data of their last week's grocery bills, the mean and the standard deviation are found to be $155 and $22, respectively. Construct a 98% confidence interval for the current mean grocery expense per week for the population of families with one or two children.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics Principles And Methods

ISBN: 9780470904114

7th Edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

Question Posted: