A Local Retail Company Wants to Estimate the Mean Amount

Multiple Choice

A local retail company wants to estimate the mean amount spent by customers. Their store's budget limits the number of surveys to 225. What is their maximum error of the estimated mean amount spent for a 99% level of confidence and an estimated standard deviation of $10.00?

A) $10.00
B) $1.00
C) 1%
D) $1.72