(b) Suppose the researcher wants to estimate the mean with a margin of error of no more than $20 with 99% confidence. This could be challenging, though, because the typical American tends to give anywhere from $0 to $216. What is the minimum number of people he should survey? (Use a table or technology.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 8SGR
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A researcher would like to estimate the mean amount of money the typical American donates to his or her favorite politicians or political causes.
USE SALT
(a) The researcher would like to estimate the mean with 99% confidence. Which of the following sample size options would yield the smallest margin of error?
O 5
O 17
23
38
(b) Suppose the researcher wants to estimate the mean with a margin of error of no more than $20 with 99% confidence. This could be challenging, though, because the typical American tends to give anywhere from $0 to $216. What is the minimum number of people he should survey? (Use table
or technology.)
n =
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Transcribed Image Text:A researcher would like to estimate the mean amount of money the typical American donates to his or her favorite politicians or political causes. USE SALT (a) The researcher would like to estimate the mean with 99% confidence. Which of the following sample size options would yield the smallest margin of error? O 5 O 17 23 38 (b) Suppose the researcher wants to estimate the mean with a margin of error of no more than $20 with 99% confidence. This could be challenging, though, because the typical American tends to give anywhere from $0 to $216. What is the minimum number of people he should survey? (Use table or technology.) n = Need Help? Read It
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