Statistics for Management and Economics (Book Only)
Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
Question
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Chapter 10.3, Problem 47E

a:

To determine

Calculate the sample size.

a:

Expert Solution
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Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z90%×Standard deviationPopulation mean)2=(1.645×5010)2=68

Sample size is 68.

b:

To determine

Calculate the new sample size with standard deviation of 100.

b:

Expert Solution
Check Mark

Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z90%×Standard deviationPopulation mean)2=(1.645×10010)2=271

Sample size is 271.

c:

To determine

Calculate the sample size with 95% confidence level.

c:

Expert Solution
Check Mark

Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z95%×Standard deviationPopulation mean)2=(1.96×5010)2=97

Sample size is 97.

d:

To determine

Calculate the sample size with new population mean.

d:

Expert Solution
Check Mark

Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z90%×Standard deviationPopulation mean)2=(1.645×5020)2=17

Sample size is 17.

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