What to recommend if study requried margin of error


A survey of small businesses with Web sites found that the average amount spent on a site was $11,500 per year. Given a sample of 60 businesses and a population standard deviation of o~=$4,000, what is the margin of error? Use 95% confidence. What would you recommend if the study requried a margin of error of $500.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What to recommend if study requried margin of error
Reference No:- TGS0106807

Expected delivery within 24 Hours