SOLUTION: The monthly starting salaries of students who receive engineering degrees have a standard deviation of $600. What sample size should be selected so that there is 0.95 probability
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Question 433384: The monthly starting salaries of students who receive engineering degrees have a standard deviation of $600. What sample size should be selected so that there is 0.95 probability of estimating the mean monthly income within $150 or less?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The monthly starting salaries of students who receive engineering degrees have a standard deviation of $600. What sample size should be selected so that there is 0.95 probability of estimating the mean monthly income within $150 or less?
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n = [zs/E]^2
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n = [1.96*600/150]^2
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n = [1.96*4]^2
n = 62 when rounded up
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Cheers,
Stan H.
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