The analyst would like to estimate the average of the salaries in the study to w...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
The analyst would like to estimate the average of the salaries in the study to within $50 at a 95% confidence level. She assumes that the standard deviation of the salaries is about the same as that of 2020, and is to construct a confidence interval based on a random sample. What is the minimum sample size that would meet the requirement in the objective?
Want instant access to all verified answers on moodle.hsu.edu.hk?
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!