SOLUTION: You wish to learn the average age of an MBA student within 2 years and with 99% confidence. How large of a sample should you get?
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Question 367350: You wish to learn the average age of an MBA student within 2 years and with 99% confidence. How large of a sample should you get?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
You wish to learn the average age of an MBA student within 2 years and with 99% confidence. How large of a sample should you get?
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n = [zs/E]^2
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n = [2.5758*s/2]^2 where "s" is the standard deviation of the distribution.
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Cheers,
Stan H.
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