A random sampling of a restaurant's monthly expenses produced a sample mean of $5000 and a standard deviation of $500. What should the sample size be if we want the upper confidence bound for the restaurant's mean expenses equal to 5040 with 90% confidence level?   Question 5 options:   600   No correct answer   256   601

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A random sampling of a restaurant's monthly expenses produced a sample mean of $5000 and a standard deviation of $500. What should the sample size be if we want the upper confidence bound for the restaurant's mean expenses equal to 5040 with 90% confidence level?

 

Question 5 options:

 

600

 

No correct answer

 

256

 

601

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