How many sales receipts shoud corporation include in sample


A large retail corporation plans to sample sales receipts of its lawn and garden department to estimate the average size (in dollars) of a customer purchase. Previous analysis suggest that the standard deviation of the purchase amount is approximately $40.32. In order to calculate a 95% confidence interval of the total width less than $5, how many sales receipts shoud the corporation include in the sample? Explain the findings.

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Basic Statistics: How many sales receipts shoud corporation include in sample
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