Multiple Choice
Business researchers wish to estimate the mean quarterly earnings from a population of 600 companies. If the true population mean is 6.2 million dollars, which of the following sample sizes would be most likely to produce a sample mean statistic within $2,000 of the population mean parameter?
A) sample size 10
B) sample size 50
C) sample size 160
D) Each of the samples will be equally likely to produce a sample statistic within $2,000 of the population parameter.
Correct Answer:
Verified
Correct Answer:
Verified
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