Math Problem Statement
You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately o = 48.7. You would like to be 98% confident that your estimate is within 10 of the true population mean. How large of a sample size is required? n =
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Calculation
Formulas
n = (Z * σ / E)^2
Theorems
Central Limit Theorem (for large sample sizes)
Suitable Grade Level
College Level (Statistics 101 or introductory statistics)
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