In an Effort to Estimate the Mean Length of Stay

True/False

In an effort to estimate the mean length of stay for motel guests at a major national motel chain, the decision makers asked for a 95 percent confidence, and a margin of error of ±0.25 days. Further, it was known that the population standard deviation is 0.50 days. Given this, the required sample size to estimate the mean length of stay is about 16 customers.