Solved

A Sales Representative Has 600 Accounts

Question 31

Multiple Choice

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: A smaller sample size is required where

Q27: THE NEXT QUESTIONS ARE BASED ON THE

Q28: THE NEXT QUESTIONS ARE BASED ON THE

Q29: Suppose that for a sample of 65

Q30: THE NEXT QUESTIONS ARE BASED ON THE

Q32: Stratified random sampling is an example of

Q33: THE NEXT QUESTIONS ARE BASED ON THE

Q34: THE NEXT QUESTIONS ARE BASED ON THE

Q35: THE NEXT QUESTIONS ARE BASED ON THE

Q36: Since sample members are geographically close to