A survey of 48 randomly selected "iPhone" owners showed that the purchase price has a mean of $419 with a sample standard deviation of $180.

 a. Compute the standard error of the sample mean. (Round the final answer to the nearest whole number.) 

Standard error = 26 Ok

b. Compute the 80% confidence interval for the mean. (Round the final answers to 2 decimal places.) 

The confidence interval is between $ _____ and $_______. 

c. How large a sample is needed to estimate the population mean within $14 at a 80% degree of confidence? (Round the final answer to the nearest whole number.) 

Sample size = 272 Ok

Answer rating: 100% (QA)

a Standard error SE sn 18048 26 b Z critical at 80 co... View the full answer