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The Head Librarian at the Library of Congress Has Asked

question 130

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The head librarian at the Library of Congress has asked her assistant for an interval estimate of the mean number of books checked out each day.The assistant provides the following interval estimate: from 740 to 920 books per day.If the head librarian knows that the population standard deviation is 150 books checked out per day,and she asked her assistant for a 95% confidence interval,approximately how large a sample did her assistant use to determine the interval estimate?


Definitions:

Promotional Allowance

A financial incentive provided by manufacturers to retailers for promoting their products, which can include discounts or funds for advertising.

Free Goods

Products or services offered at no cost, often as part of a promotional campaign to attract customers or for sampling.

Marketing Channel

A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption, including distributors, wholesalers, and retailers.

Promotional Allowance

Financial incentives provided to retailers or wholesalers by manufacturers to stock, display, or promote specific products.

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