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

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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