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An Economist Is Interested in Studying the Incomes of Consumers

question 95

Multiple Choice

An economist is interested in studying the incomes of consumers in a country.The population standard deviation is known to be $1,000.A random sample of 50 individuals resulted in a mean income of $15,000.What total sample size would the economist need to use for a 95% confidence interval if the width of the interval should not be more than $100?


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