A Group of Statistics Students Decided to Conduct a Survey

question 56

Multiple Choice

A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spent studying per week. Assuming a standard deviation of 3 hours, what is the required sample size if the error is to be less than ½ hour with a 99% level of confidence?

• A) 196
• B) 240
• C) 15
• D) 16
• E) None of the choices are correct

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Definitions:

Hockey Tickets

Tickets purchased for the purpose of attending a hockey game.

Production Possibilities Curve

A graphical representation that shows the maximum quantity of goods and services that can be produced by an economy given its available resources and technology, illustrating the trade-offs in production volume between two commodities.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, reflecting improvements in living standards.

Funding

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a program, project, business, or individual.