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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:

Self-Efficacy

An individual's belief in their own capability to accomplish tasks and overcome obstacles to achieve specific goals.

Performance Appraisal

A systematic evaluation process by which the performance of an employee is documented and analyzed, usually by their supervisor.

Self-Awareness

The conscious knowledge of one’s own character, feelings, motives, and desires.

Decisions

The process of making choices or conclusions after consideration of information and different alternatives.

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