Question: Find the minimum sample size needed to be 99% confident that the sample variance is within 40% of the population variance. Is such a sample
Find the minimum sample size needed to be 99% confident that the sample variance is within 40% of the population variance. Is such a sample size practical in most cases?
Assume that each sample is a simple random sample obtained from a normally distributed population. Use Table 7-2 to find the indicated sample size.

Step by Step Solution
3.37 Rating (169 Votes )
There are 3 Steps involved in it
a The minimum sample size needed is Answer and Explanati... View full answer
Get step-by-step solutions from verified subject matter experts
