You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately o = 42.7 dollars. You would like to be 95% confident that your estimate is within 5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? n= parents
You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately o = 42.7 dollars. You would like to be 95% confident that your estimate is within 5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? n= parents
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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Step 1
Given;
population standard deviation() = 42.7 dollars
margin of error(E) = 5 dollars
confidence level = 95%
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