The price-eamings ratios for all companies whose shares are traded on a specific stock exchange follow a normal distribution with a atandard deviation of 3.9. A random sample of these companies is selected in order to estimate the population mean price-eamings ratio. Complete parts (a) through (c). a. How large a sample is necessary in order to ensure that the probability that the sample mean differs from the population mean by more than 0.7 is less than 0.107 The sample size must be at least (Type a whole number.)

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The price-earnings ratios for all companies whose shares are traded on a specific stock exchange follow a normal distribution with a standard deviation of 3.9, A random sample of these companies
mean price-eamings ratio. Complete parts (a) through (c).
selected
order
estimate the population
a. How large a sample is necessary in order to ensure that the probability that the sample mean differs from the population mean by more than 0.7 is less than 0.107
The sample size must be at least (Type a whole number.)
Transcribed Image Text:The price-earnings ratios for all companies whose shares are traded on a specific stock exchange follow a normal distribution with a standard deviation of 3.9, A random sample of these companies mean price-eamings ratio. Complete parts (a) through (c). selected order estimate the population a. How large a sample is necessary in order to ensure that the probability that the sample mean differs from the population mean by more than 0.7 is less than 0.107 The sample size must be at least (Type a whole number.)
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