« previous next »

Author Question: The Retail Advertising and Marketing Association would like to estimate the average amount of money ... (Read 94 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
The Retail Advertising and Marketing Association would like to estimate the average amount of money that a person spends for Mother's Day with a 99 confidence interval and a margin of error within plus or minus 6.
 
  Assuming the standard deviation for spending on Mother's Day is 36, the required sample size is ________.A) 210
  B) 239
  C) 284
  D) 313

Question 2

The Retail Advertising and Marketing Association would like to estimate the average amount of money that a person spends for Mother's Day with a 99 confidence interval and a margin of error within plus or minus 12.
 
  Assuming the standard deviation for spending on Mother's Day is 36, the required sample size is ________.A) 60
  B) 72
  C) 97
  D) 108
Business Statistics ¦ Donnelly ¦ 2nd Edition
Buy Test-Bank


sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
Converting enzyme activity to its amount Converting enzyme activity to its amount
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Pasteur's Experiment

For a complete list of videos, visit our video library