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

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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)