Math Problem Statement
Solution
To solve this problem, we need to determine the minimum sample size required for the consultant to estimate the mean shopping time within 6 minutes of the true mean with 90% confidence.
Key Information:
- The standard deviation of the population: minutes
- Margin of error (E): minutes
- Confidence level:
The formula to determine the required sample size is: where:
- is the critical value corresponding to the confidence level (from the standard normal distribution),
- is the population standard deviation,
- is the margin of error.
Steps:
-
Find the critical value for a 90% confidence level.
- A 90% confidence level corresponds to a -value of approximately .
-
Substitute the values into the formula:
-
Simplify:
- Calculate :
- Square the result:
-
Round up to the nearest whole number: Since must be an integer and meet the requirement, round up to .
Final Answer:
The minimum sample size required is 51.
Would you like further explanation or help with a related question? Here are some suggestions for expanding this topic:
- Why do we need to round up the sample size in such problems?
- How does changing the confidence level affect the required sample size?
- What happens to the sample size if the margin of error is halved?
- Explain the relationship between (standard deviation) and the sample size.
- What is the role of the critical -value in determining sample size?
Tip: Always round up the sample size in these problems, even if the decimal portion is very small, to ensure the requirement is met.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Calculation
Formulas
Sample size formula: n = (z * σ / E)^2
Theorems
Central Limit Theorem
Suitable Grade Level
Undergraduate (Statistics 101)
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