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:

Industrialization

The development of industries in a country or region on a wide scale, marked by the transition from agrarian societies to more complex industrial societies.

Labor Force

The total number of people who are eligible and able to work, including both the employed and those seeking employment.

Mid 19th Century

A period in the 1800s recognized for significant social, economic, and political changes, roughly from 1830 to 1870.

Profound Changes

Significant and deep-seated transformations that have a lasting impact on societies, economies, cultures, or environments.