a stock has a price of $58.63. This is $5.92 less than the price of stock yesterday. Write and solve an equation to find the pri
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Answer:
1568
Step-by-step explanation:
The computation of the minimum sample size is shown below:
Given that
Error E = 11
The population standard deviation =217
Confidence level 1-α = 95%
Now following formula should be used
n > (Zalpha ÷ 2 × sigma ÷ E)^2
As we know that
Zalpha ÷ 2= 1.96
Now the sample size is
n> (1.96 × 202 ÷ 10)^2
= 1568