5.73 Suppose you wish to estimate a population mean correct to within .15 with a confidence level of .90. You do not know o², but you know that the observations will range in value between 31 and 39. a. Find the approximate sample size that will produce the desired accuracy of the estimate. You wish to be con- servative to ensure that the sample size will be ample for achieving the desired accuracy of the estimate. [Hint: Using your knowledge of data variation from Section 2.5, assume that the range of the observations will equal 4o.] b. Calculate the approximate sample size, making the less conservative assumption that the range of the observa- tions is equal to 60.

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5.73 Suppose you wish to estimate a population mean correct to
within .15 with a confidence level of .90. You do not know
o2, but you know that the observations will range in value
between 31 and 39.
B SRA
a. Find the approximate sample size that will produce the
desired accuracy of the estimate. You wish to be con-
servative to ensure that the sample size will be ample
for achieving the desired accuracy of the estimate.
[Hint: Using your knowledge of data variation from
Section 2.5, assume that the range of the observations
will equal 40.]
b. Calculate the approximate sample size, making the less
conservative assumption that the range of the observa-
tions is equal to 60.
Transcribed Image Text:5.73 Suppose you wish to estimate a population mean correct to within .15 with a confidence level of .90. You do not know o2, but you know that the observations will range in value between 31 and 39. B SRA a. Find the approximate sample size that will produce the desired accuracy of the estimate. You wish to be con- servative to ensure that the sample size will be ample for achieving the desired accuracy of the estimate. [Hint: Using your knowledge of data variation from Section 2.5, assume that the range of the observations will equal 40.] b. Calculate the approximate sample size, making the less conservative assumption that the range of the observa- tions is equal to 60.
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