Math Problem Statement
Analysis showed that the mean arrival rate for vehicles at a certain Chevron station on Friday afternoon last year was 4.5 vehicles per minute. How large a sample would be needed to estimate this year's mean arrival rate with 98 percent confidence and an error of ± 0.5? (Round the standard deviation answer to 4 decimal places. Enter your answer as a whole number. Use a z-value taken to four decimal places in your calculations.)
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence intervals
Sampling
Formulas
Sample size formula for population mean estimation
Theorems
Central Limit Theorem
Suitable Grade Level
Advanced Undergraduate
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