You have been asked to determine the average amount that fishermen spend per year on food and lodging while on fishing trips in a certain state. Your estimate is to be within + / - $25 of the population mean; the confidence level is to be 95%; and the estimated standard deviation for the amount spent is $125 based on prior research. How large a sample do you need? Confidence Level:Desired precision:Estimated population variation:Required sample size:

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Answered: You have been asked to determine the…

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter11: Data Analysis And Displays

Section: Chapter Questions

Problem 5CR

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You have been asked to determine the average amount that fishermen spend per year on food and lodging while on fishing trips in a certain state. Your estimate is to be within + / - $25 of the population mean; the confidence level is to be 95%; and the estimated standard deviation for the amount spent is $125 based on prior research. How large a sample do you need?

Confidence Level:

Desired precision:

Estimated population variation:

Required sample size:

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