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March 26, 2017

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a pizza shop owner wishes to find the 95% confidence interval of the true mean cost of a large plain pizza. how large should the sample be if she wishes to be accurate to within $0.15? a previous study showed that the standard deviation of the price was $0.26

  • statistics - ,

    Use a formula to find sample size.

    Here is one:
    n = [(z-value * sd)/E]^2
    ...where n = sample size, z-value = 1.96 for 95% confidence, sd = 0.26, E = 0.15, ^2 means squared, and * means to multiply.

    Plug the values into the formula and finish the calculation. Round your answer to the next highest whole number.

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