You want to obtain a sample to estimate how much parents spend on their kid's birthday parties. Based on a previous study, you believe the population standard deviation is approximately $71.39. You would like to be 99% confident that your estimate is within $2.37 of the mean spending on the birthday parties. How many parents do you have to sample? (When you find your critical value, round to 2 places) n=

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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You want to obtain a sample to estimate how much parents spend on their kid's birthday
parties. Based on a previous study, you believe the population standard deviation is
approximately $71.39.
You would like to be 99% confident that your estimate is within $2.37 of the mean spending
on the birthday parties. How many parents do you have to sample? (When you find your
critical value, round to 2 places)
n=
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Transcribed Image Text:You want to obtain a sample to estimate how much parents spend on their kid's birthday parties. Based on a previous study, you believe the population standard deviation is approximately $71.39. You would like to be 99% confident that your estimate is within $2.37 of the mean spending on the birthday parties. How many parents do you have to sample? (When you find your critical value, round to 2 places) n= Question
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