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.

Find the minimum sample size needed to be 99% confident that the

Step by Step Solution

3.37 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The minimum sample size needed is Answer and Explanati... View full answer

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 Elementary Statistics Picturing Questions!