Math Problem Statement

An advertising executive wants to estimate the mean weekly amount of time consumers spend watching traditional television daily. Based on previous​ studies, the standard deviation is assumed to be 21 minutes. The executive wants to​ estimate, with​ 99% confidence, the mean weekly amount of time to within ± 5 minutes.

a. What sample size is​ needed?

b. If​ 95% confidence is​ desired, how many consumers need to be​ selected?

a. The sample size required for​ 99% confidence is

enter your response here

​(Round up to the nearest​ integer.)

b. The sample size required for​ 95% confidence is

enter your response here

​(Round up to the nearest​ integer.)

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Confidence Intervals
Sample Size Estimation

Formulas

n = (Z * σ / E)²
Z: Z-score for confidence level
σ: Population standard deviation
E: Margin of error

Theorems

Central Limit Theorem
Properties of Confidence Intervals

Suitable Grade Level

College Level or Advanced High School (Statistics Course)