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A Sales Representative Has 798 Accounts

question 86

Essay

A sales representative has 798 accounts.She wants to take a random sample to determine the mean amount of yearly sales for these accounts.From past research,she knows that the population standard deviation is approximately $37,000.How large a sample should she take in order to estimate the population mean within $10,000 at a 99% level of confidence?


Definitions:

Automatic Responses

Reactions that occur without conscious thought, often as a result of learned behaviors or instincts.

Predictor Of Happiness

A factor that is indicative or capable of forecasting the presence and level of an individual's happiness.

Affect Balance

The frequency of positive emotions minus the frequency of negative emotions

James-Lange Theory

A theory of emotion suggesting that physiological arousal precedes the emotional experience, implying that different emotions are associated with specific bodily responses.

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