Question: This test: 100 point(s) possible @3 Test: Module 3 Test Question 11 of 12 Submit test This question: 4 point(s) possible A survey is planned

 This test: 100 point(s) possible @3 Test: Module 3 Test Question

This test: 100 point(s) possible @3 Test: Module 3 Test Question 11 of 12 Submit test This question: 4 point(s) possible A survey is planned to determine the mean annual family medical expenses of employees of a large company. The management of the company wishes to be 90% condent that the sample mean is correct to within 1 $75 of the population mean annual family medical expenses. A previous study indicates that the standard deviation is approximately $429. a. How large a sample is necessary? b. If management wants to be correct to within 1: $15, how many employees need to be selected? Click here to view page 1 of the cumulative standardized normal distribution table. Click here to view page 2 of the cumulative standardized normal distribution table. a. How large a sample is necessary? n = (Round up to the nearest integer.) b. If management wants to be correct to within 1: $15, how many employees need to be selected? n = (Round up to the nearest integer.)

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