document.write( "Question 1112396: How large a sample should be taken if the population mean is to be estimated with 99% confidence to within $71? The population has a standard deviation of $892. (Round your answer up to the next whole number.) \n" ); document.write( "
Algebra.Com's Answer #727413 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! the half interval is 71 \n" ); document.write( "99% CI is z(0.995) or 2.576 \n" ); document.write( "The half interval is z*sigma/sqrt(n)=71 \n" ); document.write( "2.576*892=71*sqrt(n), multiplying through \n" ); document.write( "dividing by 71 \n" ); document.write( "sqrt (n)=32.36 \n" ); document.write( "square both sides \n" ); document.write( "n=1047.38, round up to \n" ); document.write( "n=1048 \n" ); document.write( " |