You are attempting to estimate the average amount a family, Operation Management

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You are attempting to estimate the average amount a family

You are attempting to estimate the average amount a family spends on food during a year. In the past, the standard deviation of the amount a family has spent on food during a year has been approximately $1200. If you want to be 99% sure that you have estimated average family food expenditures within $60, how many families do you need to survey? (EXCEL FORMAT)

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Operation Management: You are attempting to estimate the average amount a family

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