An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. He believes that the mean income is $28, and the standard deviation is known to be $5.5. How large of a sample would be required in order to estimate the mean per capita income at the 90% level of confidence with an error of at most $0.42? Round your answer up to the next integer.

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06-11-2022
Mathematics

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An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. He believes that the mean income is $28, and the standard deviation is known to be $5.5. How large of a sample would be required in order to estimate the mean per capita income at the 90% level of confidence with an error of at most $0.42? Round your answer up to the next integer.

Sagot :

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