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Author Question: A sales representative has 600 accounts. He wants to take a random sample to determine the mean ... (Read 57 times)

cookcarl

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on: Jun 24, 2018
A sales representative has 600 accounts. He wants to take a random sample to determine the mean amount of yearly sales for these accounts. From past research, he knows that the population standard deviation is approximately 28,000.
 
  How large a sample should he take in order to estimate the population mean within 8,000 at a 98 level of confidence?A) 60
  B) 45
  C) 75
  D) 30

Question 2

If a categorical independent variable, such as gender, contains exactly two categories, then how many dummy variable(s) will be needed to uniquely represent these categories?
 
  A) 1
  B) 2
  C) 3
  D) 4


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Cheesycrackers

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

A


cookcarl

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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