If the total fraternitysorority membership is 300 people, Basic Statistics

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If the total fraternitysorority membership is 300 people

A university official wants to estimate, with 99% confidence and within $2, the average amount that members of fraternities and sororities spend at local restaurants during the first week of the semester.

If the total fraternity/sorority membership is 300 people, how many members should be included in the sample? Use (and explain) your own estimate for the population standard deviation.

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Basic Statistics: If the total fraternitysorority membership is 300 people

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