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 = 72.5 dollars. You would like to be 98% confident that your estimate is within 5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] n =

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Need to find probability
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 = 72.5 dollars. You
would like to be 98% confident that your estimate is within 5 dollar(s) of average spending on the birthday
parties. How many parents do you have to sample?
Hint: Video [+]
n =
Transcribed Image Text: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 = 72.5 dollars. You would like to be 98% confident that your estimate is within 5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] n =
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