Suppose you would like to conduct a survey to determine the yearly consumption of beef by a typical American and want to use 3 pounds as the desired margin of error estimate of the population mean amount of beef consumed annually. Use 25 pounds as the population standard deviation and recommend a sample size for each of the following situations: a. A 90% confidence interval is desired. b. A 95 % confidence interval is desired. c. A 99% confidence interval is desired.
Suppose you would like to conduct a survey to determine the yearly consumption of beef by a typical American and want to use 3 pounds as the desired margin of error estimate of the population mean amount of beef consumed annually. Use 25 pounds as the population standard deviation and recommend a sample size for each of the following situations: a. A 90% confidence interval is desired. b. A 95 % confidence interval is desired. c. A 99% confidence interval is desired.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Suppose you would like to conduct a survey to determine the yearly consumption of beef by a typical American and want to use 3 pounds as the desired margin of error estimate of the population mean amount of beef consumed annually. Use 25 pounds as the population standard deviation and recommend a
a. A 90% confidence interval is desired.
b. A 95 % confidence interval is desired.
c. A 99% confidence interval is desired.
d. When the desired margin of error is set, what happens to the sample size as the confidence level is increased? Would you recommend using 99% confidence interval in this case? Explain.
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