Estimating the population mean


You need to estimate the mean number of travel days per year for outside salespeople. The mean of a small pilot study was 150 days, with s standard deviation of 14 days. If you must estimate the population mean within 2 days, how many outside salespeople should you sample? Use the 90 percent confidence level.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Estimating the population mean
Reference No:- TGS0686989

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)