Confidence interval estimate of the population mean


Annual starting salaries for college graduates with degrees in business adminstration are generally expected to be between $30,000 and $45,000 with a population standard deviation of $3750. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. How large a sample should be taken if the desired margin of error is

a.) $200.00

b.) $100.00

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Basic Statistics: Confidence interval estimate of the population mean
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