Question: You plan to take a random sample from a population of 500 items and build a 95% confidence interval estimate of the population mean. You

You plan to take a random sample from a population of 500 items and build a 95% confidence interval estimate of the population mean. You want a margin of error no bigger than plus/minus 5. You estimate the population standard deviation to be 100. How large a sample is needed?

Group of answer choices

450

377

1600

1537

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!