Math Problem Statement
The electric cooperative needs to know the mean household usage of electricity by its non-commercial customers in kWh per day. They would like the estimate to have a maximum error of 0.15 kWh. A previous study found that for an average family the standard deviation is 1.9 kWh and the mean is 16.7 kWh per day. If they are using a 98% level of confidence, how large of a sample is required to estimate the mean usage of electricity? Round your answer up to the next integer.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Sample Size Calculation
Confidence Intervals
Formulas
n = (Z * σ / E)^2
Theorems
Central Limit Theorem
Normal Distribution
Suitable Grade Level
College Level
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