PROBLEM 5 The travel-to-work time for residents of the 25 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning value of 6 minutes for the population standard deviation. a. If we want to estimate the population mean travel-to-work for San Francisco residents with a margin of error of 2 minutes, what sample size should be used? Assume 99% confidence. O b. If we want to estimate the population mean travel-to-work for San Francisco residents with a margin of error of 30 seconds, what sample size should be used? Assume 95% confidence. 2.

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MGT 2040 Chapters 7 & 8 Exa
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PROBLEM 5
The travel-to-work time for residents of the 25 largest cities in the United States is reported in the
2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents
- of San Francisco is used to develop a planning value of 6 minutes for the population standard
5 deviation.
a. If we want to estimate the population mean travel-to-work for San Francisco residents with a
margin of error of 2 minutes, what sample size should be used? Assume 99% confidence.
b. If we want to estimate the population mean travel-to-work for San Francisco residents with a
margin of error of 30 seconds, what sample size should be used? Assume 95% confidence.
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Transcribed Image Text:MGT 2040 Chapters 7 & 8 Exa Review Help Tell me what you want to do Page Layout Formulas Data View le Home Insert - X Cut v 12 vA A * Wrap Text General Arial Copy - ste 0.00 00 +0 - % 9 BIU-- Merge & Center- Format Painter Number Alignment Font Clipboard fr K F PROBLEM 5 The travel-to-work time for residents of the 25 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents - of San Francisco is used to develop a planning value of 6 minutes for the population standard 5 deviation. a. If we want to estimate the population mean travel-to-work for San Francisco residents with a margin of error of 2 minutes, what sample size should be used? Assume 99% confidence. b. If we want to estimate the population mean travel-to-work for San Francisco residents with a margin of error of 30 seconds, what sample size should be used? Assume 95% confidence. 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Problem 1 Problem 2 Problem 3 Problem 4 Problem 5
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