To Calculate the Sample Size Required to Estimate a Population

question 69

Short Answer

To calculate the sample size required to estimate a population mean, we must know or estimate the ______________ of the population distribution.

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Definitions:

Probability Density Function

A function that describes the likelihood of finding a continuous random variable within a particular range of values.

Random Variable

A variable with values that are contingent upon the results of a stochastic event.

Uniform Distribution

A type of probability distribution where all outcomes are equally likely to occur.

Continuous Random Variable

A variable that can take an infinite number of possible values in a continuum within a given range, such as any real number between two points.