It Is Known That the Variance of a Population Equals

question 47

Essay

It is known that the variance of a population equals 484. A random sample of 81 observations is going to be taken from the population.
A)With a .80 probability, what statement can be made about the size of the margin of error?
B)With a .80 probability, how large of a sample would have to be taken to provide a margin of error of 3 or less?

• A)With a .80 probability, what statement can be made about the size of the margin of error?
• B)With a .80 probability, how large of a sample would have to be taken to provide a margin of error of 3 or less?

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Budget Line

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Intercepts

Points where a line or curve crosses the axes on a graph, typically used to describe the starting points of equations in coordinate geometry.

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