A Company Is Interested in Estimating μ,The Mean Number of Days

question 48

Multiple Choice

A company is interested in estimating μ,the mean number of days of sick leave taken by its employees.The firm's statistician randomly selects 100 personnel files and notes the number of sick days taken by each employee.The sample mean is 12.2 days,and the sample standard deviation is 10 days.How many personnel files would the statistician have to select in order to estimate μ to within 2 days with a 99 percent confidence interval?

• A)2
• B)13
• C)136
• D)165
• E)173

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Definitions:

Budgeted Income Statement

A financial statement that projects the expected income, expenses, and net profit for a future period based on a budget.