B. Determine the sample size, given the following data: (s sample standard. de 1. s= 5, E = 2.45, E = 3.65, confidence level: 95% confidence level: 98% 2. s= 7,

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 8E: List the sample space of each experiment. Picking a one-digit number
icon
Related questions
Question
B. Determine the sample size, given the following data: (s- sample standard
deyil
1.s=5,
2. s = 7,
3. s = 4,
E = 2.45,
E = 3.65,
E = 2.76,
E = 2.22,
E = 1.03,
confidence level: 95%
confidence level: 98%
confidence level: 99%
confidence level: 95%
confidence level: 99%
4. s= 8,
5. s= 3.3,
C. Solve the following problem.
You want to estimate the mean gasoline price within
your town to the margin of error of 5 centavos. Local
newspaper reports the standard deviation for gas
price in the area is 25 centavos. What sample size is
needed to estimate the mean gas prices at 95%
confidence level?
Transcribed Image Text:B. Determine the sample size, given the following data: (s- sample standard deyil 1.s=5, 2. s = 7, 3. s = 4, E = 2.45, E = 3.65, E = 2.76, E = 2.22, E = 1.03, confidence level: 95% confidence level: 98% confidence level: 99% confidence level: 95% confidence level: 99% 4. s= 8, 5. s= 3.3, C. Solve the following problem. You want to estimate the mean gasoline price within your town to the margin of error of 5 centavos. Local newspaper reports the standard deviation for gas price in the area is 25 centavos. What sample size is needed to estimate the mean gas prices at 95% confidence level?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill