SOLUTION: A market researcher wants to find a confidence interval estimate of the mean age of all TCC students. A study done earlier in the year found that the standard deviation of all TCC

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Question 438329: A market researcher wants to find a confidence interval estimate of the mean age of all TCC students. A study done earlier in the year found that the standard deviation of all TCC student ages was 14.2 years. How large a random sample must the researcher take in order to be 95% confident that margin of error is 3.2 years.

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi
A market researcher wants to find a confidence interval estimate of the mean
age of all TCC students. A study done earlier in the year found that the
standard deviation of all TCC student ages was 14.2 years. How large a random
sample must the researcher take in order to be 95% confident that margin of
error is 3.2 years.
ME = 1.96[14.2/sqrt(n)]
n = (1.96*14.2/ME)^2 = 1.96*14.2/3.2)^2 = 75.6465
Sample Size of 76 needed
re: 1.96
See Summary below of various critcal regions per confidence level:
a a/2 crtical regions
90% 0.1 5% z <-1.645 z >+1.645
95% 0.05 2.50% z <-1.96 z >+1.96
98% 0.02 1% z <-2.33 z >+2.33
99% 0.01 0.50% z<-2.575 z >+2.575

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