SOLUTION: A pizza shop owner wishes to find the 95% confidence interval of the true mean cost of a large plain pizza. How large should the sample be if she wishes to be accurate to within $0
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Question 1081971: A pizza shop owner wishes to find the 95% confidence interval of the true mean cost of a large plain pizza. How large should the sample be if she wishes to be accurate to within $0.13? A previous study showed that the standard deviation of the price was $0.4. Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! the margin of error should be +/-0.13, so 0.13=z*s/sqrt(n)
1.96*s/ sqrt (n)=0.13
1.96*0.4=0.13* sqrt(n), after multiplying through
divide through by 0.13 and square both sides
n=36.37 which rounds up to 37. That is unlikely to be changed by using a t-value
