A local retail company wants to estimate the mean amount spent. Their budget limits the number of
Fantastic news! We've Found the answer you've been seeking!
Question:
A local retail company wants to estimate the mean amount spent. Their budget limits the number of surveys to 225. What is their maximum error of the estimated mean amount spent for a 99% level of confidence and an estimated standard deviation of RM10.00?
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0134684840
14th edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan
Posted Date: