Algebraically manipulating the formula FV = P +Prt, find the time period in years (to the nearest whole year) it would take to q
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Answer:
The Sample Size Need To be at least 114
Step-by-step explanation:
According to the Question,
- Given, A university dean of students wishes to estimate the average number of hours students spend doing homework per week. The standard deviation from a previous study is 6.2 hours.
The Maximum Error(E) is given as 1.5 hours and the standard deviation(σ) is 6.2 hours.
- Now, For 99% Confident the level of value α is 0.01.
α/2 = 0.01/2 ⇒ 0.005
- Thus, From The table, We get that the value of
is 2.58.
Hence, the sample size n can be found as
n = {}²
n = {2.58 × 6.2}² / 1.5²
n = 113.72 .
So, The Sample Size Need To be at least 114.