Kinsley took out a loan for $2000 with interest rate of 4.8% to pay off the loan in two years she has to make payments of $100 e
1 answer:
You might be interested in
Answer:
The minimum sample size required to construct a 95% confidence interval for the population mean is 65.
Step-by-step explanation:
We are given the following in the question:
Population standard deviation,
We need to construct a 95% confidence interval such that the estimate is within 0.75 milligrams of the population mean.
Thus, the margin of error must me 0.75
Formula for margin of error:
Putting values, we get,
Thus, the minimum sample size required to construct a 95% confidence interval for the population mean is 65.