that the In order to set rates, an insurance company is trying to est standard deviation is 2.8 days. How large a sample must be selected if the company wants to be 95% confident that the true mean differs from the sample mean by no more than 1 day? OA. 1024 OB. 512 O C. 31 D. 141

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
Question
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In order to set rates, an insurance company is trying to estimate the number of sick days that full time workers at an auto repair shop take per year. A previous study indicated that the population
standard deviation is 2.8 days. How large a sample must be selected if the company wants to be 95% confident that the true mean differs from the sample mean by no more than 1 day?
2
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OB. 512
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Transcribed Image Text:= In order to set rates, an insurance company is trying to estimate the number of sick days that full time workers at an auto repair shop take per year. A previous study indicated that the population standard deviation is 2.8 days. How large a sample must be selected if the company wants to be 95% confident that the true mean differs from the sample mean by no more than 1 day? 2 OA. 1024 OB. 512 O C. 31 OD. 141 W S X H command #3 E D C $ 4 R F G Search or type URL er de % 5 BARAN V T G < 6 MacBook Pro B Y H & 7 N U +00 J * 8 | M ( 9 K < O < H ) O L A command P : I Time Remaining: 01:26:21 . ; I option { [ 21 + 11 ? = ·: ר O } ] Next delete 1 retu
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