HW Score: 0%, O of 16 pts Question Help O The price-earnings ratios for all companies whose shares are traded on a specific stock exchange followa normal distribution with a standard deviston of 43 Arandom sample of these companies is selected in order to estimate the population mean price-earnings ratio Complete parts (a) through (c) a How large a sample is necessary in order to ensure that the probablity that the sample mean differs from the population mean by more than 1.1s less than 0 107 The sample size must be at least 42. (Type a whole number) b. Without doing the calculations, state whether a larger or smaller sample size compared to the sample sze in part (a) wouid be requred to gurantee that the probability of the sample mean differing from the population mean by more than 1.1 is less than 005. Inco The sample size would need to be

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HW Score: 0%, O of 16 pts
Question Help O
The price-earnings ratios for all companies whose shares are traded on a specific stock exchange followa normal distribution with a standard deviston of 43 Arandom
sample of these companies is selected in order to estimate the population mean price-earnings ratio Complete parts (a) through (c)
a How large a sample is necessary in order to ensure that the probablity that the sample mean differs from the population mean by more than 1.1s less than 0 107
The sample size must be at least 42. (Type a whole number)
b. Without doing the calculations, state whether a larger or smaller sample size compared to the sample sze in part (a) wouid be requred to guaranlee that the
probability of the sample mean differing from the population mean by more than 1.1 is less than 0.05
Incorrect: O
The sample size would need to be
Transcribed Image Text:HW Score: 0%, O of 16 pts Question Help O The price-earnings ratios for all companies whose shares are traded on a specific stock exchange followa normal distribution with a standard deviston of 43 Arandom sample of these companies is selected in order to estimate the population mean price-earnings ratio Complete parts (a) through (c) a How large a sample is necessary in order to ensure that the probablity that the sample mean differs from the population mean by more than 1.1s less than 0 107 The sample size must be at least 42. (Type a whole number) b. Without doing the calculations, state whether a larger or smaller sample size compared to the sample sze in part (a) wouid be requred to guaranlee that the probability of the sample mean differing from the population mean by more than 1.1 is less than 0.05 Incorrect: O The sample size would need to be
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