SOLUTION: Use the given information to find the minimum sample size required to estimate an unknown population mean μ. Margin of error: $126, confidence level: 99%, 􀎗 = $512

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Question 980615: Use the given information to find the minimum sample size required to estimate an unknown population mean μ.
Margin of error: $126, confidence level: 99%, 􀎗 = $512

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Use the given information to find the minimum sample size required to estimate an unknown population mean μ.
Margin of error: $126, confidence level: 99%, 􀎗 = $512
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n = [z*s/E]^2
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n = [2.5758*512/126]^2 = 110 when rounded up
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Cheers,
Stan H.
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