A student in finance wants to estimate the mean monthly earnings of city council members in large
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Question:
A student in finance wants to estimate the mean monthly earnings of city council members in large towns in Kenya. She can tolerate a margin of error of Sh.120 in estimating the mean. She would also prefer to report the interval estimate with a 95% level of confidence. The student found a report by the Department of Finance that reported a standard deviation of Sh.987. What is the required sample size?
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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