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A college dean wants to determine the average time it takes a student to get from one class to the next.Preliminary studies have shown that it is reasonable to let t = 1.5 minutes the standard deviation of class travel times) .What is the sample size which should be examined if the dean wants to assert with a probability of 95 percent that his estimate, the mean time of the random sample, will not be "off" by more than .25 minutes in either direction) ? Choose the closest answer.
Prices
The amount of money required to purchase a good or service, indicating the value placed on it by the market.
Preferences
In economics, this refers to the subjective tastes and likes of individuals, which influence their choices among various goods and services.
Prices
The financial amount expected, required, or supplied as remuneration for an item.
Income
Money received on a regular basis from work, property, investments, business ventures, and other sources, used to fund consumption and savings.
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