You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately 0 = 38.6 dollars. You would like to be 99% confident that your estimate is within 10 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] n =

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
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You want to obtain a sample to estimate how
much parents spend on their kids birthday
parties. Based on previous study, you believe the
population standard deviation is approximately
O = 38.6 dollars. You would like to be 99%
confident that your estimate is within 10 dollar(s)
of average spending on the birthday parties. How
many parents do you have to sample?
Hint: Video [+]
n =
Transcribed Image Text:You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately O = 38.6 dollars. You would like to be 99% confident that your estimate is within 10 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] n =
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