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)
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