Solved

The Economics Department Secretary Wants to Estimate the Average Number xˉ\bar { x }

Question 138

Short Answer

The economics department secretary wants to estimate the average number of bottled drinks sold each day out of the vending machine.Similar vending machine sales have a standard deviation of 9 bottles per day.He wants to be 95-percent confident that the estimate, xˉ\bar { x } ,obtained is within 3 bottles of the true mean μ\mu .How large a sample is needed if the limit of the Coke machine for one day is 120?

Correct Answer:

verifed

Verified

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

Related Questions