You are planning a survey of starting salaries for recent business major graduates from your college. From a pilot study you est
imate that the standard deviation is about $9000. What sample size do you need to have a margin of error equal to $500 with 95% confidence?How do I calculate this using excel?
1 answer:
Answer:
1245
Step-by-step explanation:
-Given the standard deviation is $9000 and the margin of error is $500.
-the minimum sample size at a 95% confidence level can be calculated using the formula:
Hence, the minimum sample size is 1245
*Since there's no data fromw which we are drawing our variables, we can manually input our parameters in excel and calculate as attached.
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Answer:
9.93
Step-by-step explanation:
Secant-Tangent theorem tells us that the product of the secant segment with its external segment is equal to the square of the tangent segment.
From the diagram, we can say (let the unknown part of secant line, the part left of the segment length 5, be y):
(15+y)(10) = 17^2
Solving for y we get:
Now we can use the chord theorem to solve for x. Chord theorem tells us that when 2 intersecting chords create 4 segments, the product of the individual chord segments are equal. Thus we can say:
5 * 13.9 = 7 * x
Now solving, we get:
Thus x = 9.93
last answer choice is right.