a. What is the probability that the mean price for a sample of 30 federal income tax retums is within $16 of the population mean? b. What is the probability that the mean price for a sample of 50 federal income tax retums is within $16 of the population mean? c. What is the probability that the mean price for a sample of 100 federal income tax retums is within $16 of the population mean? d. Which, if any, of the sample sizes in parts (a), (b), and (c) would you recommend to ensure at least a .95 probability that the sample mean is within $16 of the population mean?
a. What is the probability that the mean price for a sample of 30 federal income tax retums is within $16 of the population mean? b. What is the probability that the mean price for a sample of 50 federal income tax retums is within $16 of the population mean? c. What is the probability that the mean price for a sample of 100 federal income tax retums is within $16 of the population mean? d. Which, if any, of the sample sizes in parts (a), (b), and (c) would you recommend to ensure at least a .95 probability that the sample mean is within $16 of the population mean?
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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