Question 3 (5 points)
1 answer:
You might be interested in
Answer:
The sample of students required to estimate the mean weekly earnings of students at one college is of size, 3458.
Step-by-step explanation:
The (1 - <em>α</em>)% confidence interval for population mean (<em>μ</em>) is:
The margin of error of a (1 - <em>α</em>)% confidence interval for population mean (<em>μ</em>) is:
The information provided is:
<em>σ</em> = $60
<em>MOE</em> = $2
The critical value of <em>z</em> for 95% confidence level is:
Compute the sample size as follows:
Thus, the sample of students required to estimate the mean weekly earnings of students at one college is of size, 3458.