SOLUTION: A local retail company wants to estimate the mean amount spent. Their budget limits the number of surveys to 225. What is their maximum error of the estimated mean amount spent f

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Question 128774: A local retail company wants to estimate the mean amount spent. Their budget limits the number of surveys to 225. What is their maximum error of the estimated mean amount spent for a 99% level of confidence and an estimated standard deviation of $10.00?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
This problem has been worked in the Prob & Stat category.
Cheers,
Stan H.