Question: Question 19 1 pts Suppose we used a random sample to determine the average income in the country. If we know the population standard deviation

Question 19 1 pts Suppose we used a random sample to

Question 19 1 pts Suppose we used a random sample to determine the average income in the country. If we know the population standard deviation is 13,070, how large does our sample need to be to get a standard error of 27? Round your answer to the nearest integer

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 Economics Questions!

Location Income ($1,000) Urban 27 Rural 25 Suburban 25 Suburban 26 Rural 30 Urban 29 Rural 33 Urban 30 Suburban 32 Urban 34 Urban 35 Urban 40 Rural 30 Rural 33 Urban 42 Suburban 32 Urban 43 Urban 43...

here is my question, just answer, dont expain Question 11 2 pts Which of the following statements about the Central Limit Theorem is false? 0 it states that the sampling distribution of the sample...

Question 1 1 pts A team of civil and environmental engineers studied the ground motion characteristics of 15 earthquakes that occurred around the world since 1940. They measured the type of ground...

Suppose that we wanted to use a random sample to determine the average income in the country. If we know the population standard deviation is 13,925, how large does our sample need to be to get a...

CHAPTER 9 Hypothesis Tests CONTENTS 9.4 POPULATION MEAN: UNKNOWN One-Tailed Test Two-Tailed Test Summary and Practical Advice 9.5 POPULATION PROPORTION Summary 9.6 HYPOTHESIS TESTING AND DECISION...

Discuss the relationship between the margin of error and the standard error of the mean. For a (1 -)-level confidence interval for a population mean when the population standard deviation is known,...

Unit 3 Problem Set NAME: Elements of Statistics--FHSU Virtual College--Summer 2015 REMEMBER, these are assessed preparatory problems related to the content of Unit 3. The Unit 3 Exam will consist of...

Unit 5 Assignment Started: Sep 21 at 3:51pm Quiz Instructions Please choose one response for each question. There are 30 questions, and there is no time limit. There are no retakes. You will be able...

1 1 pts A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50. Fifty is a _____. Group of answer choices point estimator population parameter point...

A drug manufacturer in Malaysia is interested in the proportion of persons who have depression whose condition can be controlled Y a new drug company has developed. A study was conducted involving...

Go to the website of Coca-Cola Inc. (www.cocacola.com). Use the corporate information pages (Our Company, Our Brands, and Around the World) to identify the growth in brands marketed by the company...

Namala Company reports the following in its most recent year of operations: Sales, $1,000,000 (all on account) Cost of goods sold, $570,000 Gross profit, $430,000 Accounts receivable, beginning...

Multiple Choice 2 points Some conditions associated with the "labor problem" occurred due to management's attitude that labor was: An expendable and inter - changeable factor of production....

On July 31, 2012, the balances of the accounts appearing in the ledger of Sagebrush Company are as follows: $ 18,300 $ 12,000 Cash Sales Returns and Allowances Accounts Receivable 72,000 Sales...

On January 19, 2020, LMB Corporation recorded sales of $100,000 on credit with the following journal entry: Dr. Accounts Receivable $100,000 Cr. Sales Revenue $100,000 (Service revenues recorded on...

In the types of organizational structures, the most commonly known include Functional Structures, Divisional Structures, Strategic Business Unit Structures, and Matrix Structures. Explain each type...

You open your bank account on april 16 with a tax refund check of 145.00 you pay sell phone 65.34 on april 18 check 794 you deposit your paycheck on april 23. 9.76/hour for 35 hours you buy 61.32 4%...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

3. Im trying to point out what we need to do to make this happen

1. I try to create an image of the message

4. I try to make them feel what I really mean (1 is related to the visionary, 2 to the logical, 3 to action and 4 to the emotional).