Because of the popularity of movies as an entertainment medium for college students, you plan to do a national study of the average cost of a movie ticket.If you assume that o = $0.50, what sample size would you have to take to be 95% confident that your estimate was within $0.25 of the true mean ticket prices?

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 58E: What is meant by the sample space of an experiment?
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8. Because of the popularity of movies as an entertainment medium for college
students, you plan to do a national study of the average cost of a movie ticket. If
you assume that o= $0.50, what sample size would you have to take to be 95%
confident that your estimate was within $0.25 of the true mean ticket prices?
%3D
Transcribed Image Text:8. Because of the popularity of movies as an entertainment medium for college students, you plan to do a national study of the average cost of a movie ticket. If you assume that o= $0.50, what sample size would you have to take to be 95% confident that your estimate was within $0.25 of the true mean ticket prices? %3D
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