A consultant wants to estimate the average income of all the baby boomers in NYC. From prior studies, the standard deviation for the income of all NYC baby-boomers is known to be about $15,000. What should the sample size be if she wants to be 90% confident that the population mean is within about $1,000 of the sample average?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A consultant wants to estimate the average income
of all the baby boomers in NYC. From prior studies,
the standard deviation for the income of all NYC
baby-boomers is known to be about $15,000. What
should the sample size be if she wants to be 90%
confident that the population mean is within about
$1,000 of the sample average?

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