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The weekly earnings of middle managers in a large corporation are approximately normally distributed with a standard deviation of 36 dollars. A researcher wishes to estimate the mean weekly earnings. Find the sample size needed if she requires a 95% degree of confidence that the sample mean will not differ from the population by more than 3 dollars.
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The solution is a step-by-step explanation of how to solve the problem. It includes the formula for a confidence interval.
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Degree of confidence
The weekly earnings of middle managers in a large corporation are approximately normally distributed with a standard deviation of 36 dollars. A researcher wishes to estimate the mean weekly earnings. Find the ...
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