31. Mean Grade-Point Average Assume that all grade-point averages are to be standardized on a scale between 0 and 4. How many grade-point averages must be obtained so that the sample mean is within 0.01 of the population mean? Assume that a 95% confidence level is desired. If we use the range rule of thumb, we can estimate o to be range/4 = (4 – 0)/4 sample size seem practical? = 1. Does the

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Sample Size. In Exercises 29–36, find the sample size required to estimate the popula-
tion mean.
Transcribed Image Text:Sample Size. In Exercises 29–36, find the sample size required to estimate the popula- tion mean.
31. Mean Grade-Point Average Assume that all grade-point averages are to be standardized
on a scale between 0 and 4. How many grade-point averages must be obtained so that the sample
mean is within 0.01 of the population mean? Assume that a 95% confidence level is desired. If
we use the range rule of thumb, we can estimate o to be range/4 = (4 – 0)/4
sample size seem practical?
= 1. Does the
Transcribed Image Text:31. Mean Grade-Point Average Assume that all grade-point averages are to be standardized on a scale between 0 and 4. How many grade-point averages must be obtained so that the sample mean is within 0.01 of the population mean? Assume that a 95% confidence level is desired. If we use the range rule of thumb, we can estimate o to be range/4 = (4 – 0)/4 sample size seem practical? = 1. Does the
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