You want to obtain a sample to estimate how much parents spend on their kid's birthday parties. Based on previous study, you believe the population standard deviation is approximately a = $74.20. You would like to be 95 % confident that your estimate is within $2 of the mean spending on the birthday parties. How many parents do you have to sample? Give the minimum size that wil work.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 3CYU
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You want to obtain a sample to estimate how much parents spend on their kid's birthday parties. Based on
previous study, you believe the population standard deviation is approximately o = $74.20.
You would like to be 95 % confident that your estimate is within $2 of the mean spending on the birthday
parties. How many parents do you have to sample? Give the minimum size that will work.
n =
Transcribed Image Text:You want to obtain a sample to estimate how much parents spend on their kid's birthday parties. Based on previous study, you believe the population standard deviation is approximately o = $74.20. You would like to be 95 % confident that your estimate is within $2 of the mean spending on the birthday parties. How many parents do you have to sample? Give the minimum size that will work. n =
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