Ron wants to buy a video game with a selling price of $48. It is on sale for 50% off. The sales tax in his state is 4.5%.
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(a) 404 subjects are needed to estimate the mean HDL cholesterol within 2 points with 99% confidence.
(b) When the confidence level decreases to 95%, the number of subjects decreases from 404 to 234.
<u>Explanation:</u>
Given:
σ = 15.6
Let the number of subjects be n
(a)
When the confidence level is 99%, then z = 2.576
E = 2
We know:
On substituting the value, we get:
Thus, 404 subjects are needed to estimate the mean HDL cholesterol within 2 points with 99% confidence.
(b)
When the confidence level is 95%, then z = 1.96
E = 2
We know:
On substituting the value, we get:
n = 234
Thus, when the confidence level decreases to 95%, the number of subjects decreases from 404 to 234.