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Mathematics, 15.04.2020 03:22 shirlsmith72

(1 point) Suppose we want a 95% confidence interval for the average amount spent on books by freshmen in their first year at college. The amount spent has a normal distribution with standard deviation $16. (a) How large should the sample be if the margin of error is to be less than $5? ANSWER: (b) If we wanted a smaller margin of error, we would need a sample. (Enter: ''LARGER'', ''SMALLER'' or ''SAME SIZE'', without the quotes.)

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