: 16-16. A manufacturing concern wants to estimate the average amount of purchase of itsproduct in a month by the customers. If the standard deviation is Rs. 10, find the sample size if themaximum error is not to exceed Rs. 3 with a probability of 0-99.

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Answered: ; 16-16. A manufacturing concern wants…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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; 16-16. A manufacturing concern wants to estimate the average amount of purchase of its product in a month by the customers. If the standard deviation is Rs. 10, find the sample size if the maximum error is not to exceed Rs. 3 with a probability of 0-99.