You have a population of 100 engineering students at a certain university and you want to interview only a sample to see if they agree that the average ticket for graduation costs $ 3,000. What should be the minimum sample size that meets a standard error of 0.05 and a reliability of 95%?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
icon
Related questions
Question

You have a population of 100 engineering students at a certain university and you want to interview only a sample to see if they agree that the average ticket for graduation costs $ 3,000. What should be the minimum sample size that meets a standard error of 0.05 and a reliability of 95%?

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning