Question: Can you help me? How many students must be randomly selected to estimate the mean weekly earnings of students at one college? We want 95%

Can you help me?

How many students must be randomly selected to estimate the mean weekly earnings of students at one college? We want 95% confidence that the sample mean is within $5 of the population mean, and the population standard deviation is known to be $60

Answers:

a. 554

b. 553

c. 390

d. 24

e. 391

f. None of these above

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!