A preliminary sample of holiday shoppers revealed that the standard deviation of the amount of money they are planning to spend on gifts during the coming holiday season is $82. How many holiday shoppers should be sampled in order to estimate the average amount of money spent on gifts by all holiday shoppers with a margin error of $7 and with a 95% confidence? O a. 353 O b.824 Oc. C 527

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A preliminary sample of holiday shoppers revealed that the standard deviation of the amount of money they are
planning to spend on gifts during the coming holiday season is $82. How many holiday shoppers should be
sampled in order to estimate the average amount of money spent on gifts by all holiday shoppers with a margin of
error of $7 and with a 95% confidence?
Oa.
353
Ob.824
O C. 527
Od. 475
Transcribed Image Text:A preliminary sample of holiday shoppers revealed that the standard deviation of the amount of money they are planning to spend on gifts during the coming holiday season is $82. How many holiday shoppers should be sampled in order to estimate the average amount of money spent on gifts by all holiday shoppers with a margin of error of $7 and with a 95% confidence? Oa. 353 Ob.824 O C. 527 Od. 475
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