A department store manager wants to estimate the mean amount spent by all customers at this store at a 97% confidence le
Posted: Wed May 11, 2022 7:16 am
A department store manager wants to estimate the mean amount
spent by all customers at this store at a 97% confidence
level. The manager knows that the standard deviation of amounts
spent by all customers at this store is $36. What minimum sample
size should he choose so that the estimate is within $5 of the
population mean?
n = Enter your answer in accordance to the
question statement
spent by all customers at this store at a 97% confidence
level. The manager knows that the standard deviation of amounts
spent by all customers at this store is $36. What minimum sample
size should he choose so that the estimate is within $5 of the
population mean?
n = Enter your answer in accordance to the
question statement