Question: Can you explain the formula for standard deviation and how I would apply it to the following question? (layman terms please) Question: Jeremiah wants to

Can you explain the formula for standard deviation and how I would apply it to the following question? (layman terms please)

Question:

Jeremiah wants to estimate the mean age of students at his large university. He'll samplenstudents and make a95 percentconfidence interval for the mean age. He is willing to use=3 years as an estimate of the standard deviation, and he wants the margin of error to be no more than1year. How many students should he sample?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Mathematics Questions!

Could You Please find clear solution for following question? With best regards... Question: To estimate the mean age for a population of 4000 employees, a simple random sample of 40 employees is...

1 A study was conducted to estimate , the mean number of weekly hours that U.S. adults use computers at home. Suppose a random sample of 81 U.S. adults gives a mean weekly computer usage time of 8.5...

Question 1 It is possible for a pair of variables to be both associated and independent. Group of answer choices True False Flag question: Question 2 Question 2 Data were collected from a local rib...

Part 1 For Questions #1 through #10 (see below): In a MS-Word document (Document 1), identify what type of TVM problem(s) are being used from the following list: Present value Future value Present...

Base on the above information, please answer the following question. (If possible, please also tell me which part did you get the answer/ideas from) 1. What are some advantages of using the...

Center for Learning and Technology COURSE SYLLABUS PRINCIPLES OF STATISTICS STA-201-GS Course Syllabus PRINCIPLES OF STATISTICS STA-201-GS Thomas Edison State College May 2015 Course Essentials...

Business Research MethodologyQuestion Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

Set Week 3: Chapters 3 & 4 Chapter 3: Complete the EVEN numbers problems listed below; the problem set begins on page 100 in Gravetter and Wallnau (2013). The answers to the odd numbered problems are...

Possible Multiple Choice Questions for the Exam. Focus on the topics discussed in class. Chapter 1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____...

Variable Costing Income Statement and Contribution Margin Analysis for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned...

Voldemort LP is thinking about replacing a Horcrux with a remaining useful life of 5 years and an estimated $0 salvage value. The book value of the Horcrux is $245,000, and the Horcrux could be sold...

What can a lender use to prevent or minimize the number of loans it has made from being pre - paid? What type of Lender would want to minimize or avoid prepayments?

Entries and schedutes Amount Descriptions Journal TAccounts Schedule of Unfinished Jobs Chart of Accounts Tybee Industres Inc uses a job order.cost system The folowing data summarize the operations...