Question: A researcher wants to construct a 99% confidence interval for the mean monthly earnings of city managers. They will tolerate a margin of error of
A researcher wants to construct a 99% confidence interval for the mean monthly earnings of city managers. They will tolerate a margin of error of $150 in estimating the mean. The standard deviation of earnings is $1,200. What is the minimum required sample size? Question 1 options: A) 245 B) 246 C) 425 D) 347
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
