How many card holders should be sampled, Basic Statistics

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How many card holders should be sampled

the required sample size needed to be able to estimate the mean dollars that each card holder will spend each month. It would like to be within plus or minus $55 of the true mean with a 95% confidence level. The standard deviation is thought to be $700. How many card holders should be sampled?

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Basic Statistics: How many card holders should be sampled

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Basic Statistics: How many card holders should be sampled

Reference No:- TGS0114300

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: How many card holders should be sampled

Reference No:- TGS0114300

Recent Questions Asked Basic Statistics

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Q : What type of sampling does this represent

Q : How large a sample is needed to be accurate

Q : What percentage of the sample means would be in range

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