7 17 18. Given that the standard deviation of household expenditure from a pilot survey is Rs. 7.2, what minimised sample should be taken to ascertain the mean level of expenditure so that we can be 95% confident that the population mean expenditure lies within Rs. 2:00 either way of the sample mean expenditure ?

MATLAB: An Introduction with Applications
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V:7 17:18. Given that the standard deviation of household expenditure from a pilot survey is
Rs. 7.2, what minimised sample should be taken to ascertain the mean level of expenditure so that we can
be 95% confident that the population mean expenditure lies within Rs. 2-00 either way of the sample mean
expenditure ?
Transcribed Image Text:V:7 17:18. Given that the standard deviation of household expenditure from a pilot survey is Rs. 7.2, what minimised sample should be taken to ascertain the mean level of expenditure so that we can be 95% confident that the population mean expenditure lies within Rs. 2-00 either way of the sample mean expenditure ?
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