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What Sample Size Is Needed to Estimate a Population Mean

question 82

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What sample size is needed to estimate a population mean within ±50 of the true mean value using a confidence level of 95%, if the true population variance is known to be 122,500?

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Definitions:

Constant Dividend

A policy where a company pays out a fixed amount in dividends to shareholders on a regular basis, regardless of the company's earnings fluctuations.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Annual Dividend

A yearly payment made by a corporation to its shareholders, often derived from profits.

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