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 = 38.6 dollars. You would like to be 99% confident that your estimate is within 10 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+]
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 = 38.6 dollars. You would like to be 99% confident that your estimate is within 10 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+]
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 = 38.6 dollars. You would like to be 99% confident that your estimate is within 10 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+]
CI (sample size) problem I need help with. If you know how to calculate on a ti-84 plus, feel free to include instructions. Thanks!
Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.