You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is...


You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately σ=40.1σ=40.1 dollars. You would like to be 90% confident that your estimate is within 5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample?



Jun 03, 2022
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