You have just been hired by the Stampeder Marketing Company to conduct a survey to estimate the

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You have just been hired by the Stampeder Marketing Company to conduct a survey to estimate the mean amount of money spent by movie patrons (per movie) in Alberta. First use the range rule of thumb to make a rough estimate of the standard deviation of the amounts spent. It is reasonable to assume that typical amounts range from $3 to about $15. Then use that estimated standard deviation to determine the sample size corresponding to 98% confidence and a 25# margin of error.
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Elementary Statistics

ISBN: 9780321225979

3rd Canadian Edition

Authors: Mario F. Triola

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