A union restaurant and food-services worker would like to estimate the mean hourly wage.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
 alt="A union of restaurant and foodservice workers would like
estimate the mean hourly wage, u, of foodservice workers in the U.S. The union will choose a
random sample of wages and then estimate u using the mean of the sample. What is the minimum sample size needed in order for the union to be 99%
confident that its estimate is within $0.40 of u? Suppose that the standard deviation of wages of foodservice workers in the U.S. is about $2.20.
Carry your intermediate computations to at least three decimal places. Write your answer as a whole number (and make sure that it is the minimum whole
number that satisfies the requirements).
(If necessary, consult a list of formulas.)
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