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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 = 76.1 dollars. You would like to be 99% confident that your estimate is within 1.5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] A n=

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 = 76.1 dollars. You would like to be 99% confident that your estimate is within 1.5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] A n=

MATLAB: An Introduction with Applications
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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**Question 1** You want to obtain a sample to estimate how much parents spend on their kids' birthday parties. Based on a previous study, you believe the population standard deviation is approximately σ = 76.1 dollars. You would like to be 99% confident that your estimate is within 1.5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? *Hint:* Video [+] n = [input box] **Submit Question** (Note: The webpage has a placeholder for a hint video link and an input box where students can enter their calculated sample size. Below the input box is a "Submit Question" button.)
Transcribed Image Text:**Question 1** You want to obtain a sample to estimate how much parents spend on their kids' birthday parties. Based on a previous study, you believe the population standard deviation is approximately σ = 76.1 dollars. You would like to be 99% confident that your estimate is within 1.5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? *Hint:* Video [+] n = [input box] **Submit Question** (Note: The webpage has a placeholder for a hint video link and an input box where students can enter their calculated sample size. Below the input box is a "Submit Question" button.)
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