Use the Given Information to Find the Minimum Sample Size $\text { Margin of error: } \$ 136 \text {, confidence level: } 99 \% , \sigma = \$ 584$

question 91

Multiple Choice

Use the given information to find the minimum sample size required to estimate an unknown population mean µ.
- $\text { Margin of error: } \$ 136 \text {, confidence level: } 99 \% , \sigma = \$ 584$

• A) 62
• B) 123
• C) 50
• D) 71

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Definitions:

Consensus

A general agreement among the members of a group or the outcome of that agreement.

Decision

The act or process of making a choice or judgment after considering different courses of action.

Conflict

A situation where there are incompatible interests, beliefs, or objectives between two or more parties, leading to a disagreement or dispute.

Group Decision

The outcome or resolution arrived at by a group of individuals through a deliberative process.