How many lunch receipts must company sample


A company wants to estimate the average sales lunch expense. They want to be within $5 of the true mean when using a confidence interval of 95%. The standard deviation is estimated at $25. How many lunch receipts must they sample?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: How many lunch receipts must company sample
Reference No:- TGS0120090

Expected delivery within 24 Hours