Question: What is the minimum sample size n required to estimate with 90% confidence if the desired margin of error is D = 1.2? The

What is the minimum sample size n required to estimate

µ with 90% confidence if the desired margin of error is D = 1.2? The population standard deviation is estimated What happens to n if the desired margin of error decreases to D = 0.7? P-69

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Business Statistics Communicating Questions!

How might employee activism impact company operations and performances at Google? How might it impact organizational culture?

What is the minimum sample size n required to estimate with 90% confidence if the desired margin of error is E = 1.2 ? The population standard deviation is estimated as = 3.5. What happens to n if...

The minimum and maximum observations in a population are 20 and 80, respectively. What is the minimum sample size n required to estimate with 80% confidence if the desired margin of error is E =...

The lowest and highest observations in a population are 20 and 80, respectively. What is the minimum sample size n required to estimate with 80% confidence if the desired margin of error is D = 2.6?...

The lowest and highest observations in a population are 13 and 61, respectively. What is the minimum sample size n required to estimate with 99% confidence if the desired margin of error is E = 1.8?...

What is the minimum sample size n required to estimate p with 95% confidence if the desired margin of error E= 0.08? The population proportion is estimated as p =0.36 from prior studies. What...

12. * 1 point 12. Use the margin of error, confidence level, and standard deviation o to find the minimum sample size, n, required to estimate an unknown population mean u. Margin of error $125...

What is the minimum sample size n required to estimate p with 95% confidence if the desired margin of error E = 0.08 ? The population proportion is estimated as = 0.36 from prior studies. What...

What is the minimum sample size n required to estimate p with 95% confidence if the desired margin of error D = 0.08? The population proportion is estimated as prior studies. What happens to n if the...

In the planning stage, a sample proportion is estimated as = 40/50 = 0.80. Use this information to compute the minimum sample size n required to estimate p with 99% confidence if the desired margin...

What is the restructuring strategy, and what are its common forms?

Essence Company blends and sells designer fragrances. It has a Mens Fragrances Division and a Womens Fragrances Division, each with different sales strategies, distribution channels, and product...

Generally assets with ADR lives of 4 years or less is 3 - year Property Class ( Recovery Period ) .

Recently, Samantha Parkinson, a marketing intern, sent a message to Bianca Genova, her boss, about changing the pricing model for a social networking platform. Bianca was upset when she read...

The average rent in a city is $1,500 per month with a standard deviation of $250. Assume rent follows the normal distribution. Use the empirical rule for normal distributions to answer the following...

A professional basketball team averages 80 points per game with a standard deviation of 10 points. Assume points per game follow the normal distribution. Use the empirical rule for normal...

Let X be normally distributed with mean = 10 and standard deviation = 6. a. Find P(X 0)> b. Find P(X>2)> c. Find P(4 X 10)> d. Find P(6 X 14)>

Hockey Accessories Corporation manufactured 22,400 duffle bags during March. The following fixed overhead data pertain to March: Production Machine-hours Fixed overhead costs for March What is the...

Blossom Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base rate of $1,470 per month. One of the barbers serves as the manager and receives an extra $500 per month. In...

3 An injection molding machine has a first cost of $1,050,000 and a salvage value of $225,000 whenever the machine is sold. The yearly maintenance and operating costs are $235,000 for the first year,...