Determine the slope (m) and y-intercept (b) of the line: Y = 1/2 X + 1
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Answer:
We need a sample size of at least 101
Step-by-step explanation:
We have that to find our level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of .
So it is z with a pvalue of , so
Now, find the margin of error M as such
In which is the standard deviation of the population and n is the size of the sample.
What sample size is needed to estimate the true average speed to within 2 mph at 99% confidence?
We need a sample of at least n.
n is found when M = 2. So
Rounding up
We need a sample size of at least 101