Examlex

Solved

Find the Sample Size

question 9

Multiple Choice

Find the sample size.
-ABI Insurance wants to estimate the average life expectancy to within one year with
95% confidence. Previous studies have shown the mean age life expectancy of its clients
To be 78.6 with a standard deviation of 4.48 years. How many randomly selected
Recently paid policies would they need to sample to achieve the desired level of accuracy?


Definitions:

Technical Terms

Specialized words or phrases used in a specific field that may not be understood outside of that context.

Ramifications

The consequences or outcomes that result from a particular action or event, often complex or unexpected.

Technical Errors

Mistakes or problems that occur in the process of executing a technical task or operation, often related to machinery, computers, or specific techniques.

Psychological Obstacles

Internal barriers or mental hindrances that impede a person's ability to achieve goals or make beneficial decisions.

Related Questions