Question

The average sales of a company are 15 thousand new soles and the variance of 4. What size should the sample be, with a confidence level of 95% and an error of 5%?

221

likes
1105 views

Answer to a math question The average sales of a company are 15 thousand new soles and the variance of 4. What size should the sample be, with a confidence level of 95% and an error of 5%?

Expert avatar
Murray
4.5
92 Answers
1. Identify the given parameters: $\mu = 15000$, $\sigma^2 = 4$, Confidence level = 95%, $E = 0.05 \times 15000 = 750$.
2. Determine the $Z$-value for 95% confidence, which is $1.96$.
3. Use the formula for sample size: n = \left( \frac{Z \cdot \sigma}{E} \right)^2
4. Substitute values: n = \left( \frac{1.96 \cdot 2}{750} \right)^2
5. Calculate: n = \left(0.0052267\right)^2 \approx 0.0000273
6. Round up to the nearest whole number (since a sample size must be an integer): The answer is 1.
7. Conclusion: The minimum sample size required is 1.

Frequently asked questions (FAQs)
Math question: What is the limit as x approaches 3 of the function f(x) = 2x + 1?
+
Question: Divide 2/3 by 1/4.
+
What is the vertex form of the quadratic equation y = -2x^2 + 4x - 7?
+
New questions in Mathematics
To calculate the probability that a player will receive the special card at least 2 times in 8 games, you can use the binomial distribution. The probability of receiving the special card in a single game is 1/4 (or 25%), and the probability of not receiving it is 3/4 (or 75%).
The sum of an infinite geometric series is 13,5 The sum of the same series, calculated from the third term is 1,5. Q. Calculate r if r>0.
String x = 5 Int y=2 System.out.println(x+y)
What will be the density of a fluid whose volume is 130 cubic meters contains 16 technical units of mass? If required Consider g=10 m/s2
Find the measures of the sides of ∆KPL and classify each triangle by its sides k (-2,-6), p (-4,0), l (3,-1)
Suppose a large shipment of cell phones contain 21% defective. If the sample of size 204 is selected, what is the probability that the sample proportion will differ from the population proportion by less than 4% round your answer to four decimal places
To make brine, José buys 1 kg of salt and pays 12 pesos. If he buys 4 kg, they charge him 48 pesos, but for 100 pesos they sell him 9 kg. What is the constant of proportionality?
Pedro had 80% of the amount needed to buy a game. Of this amount, you spent 15% on a watch and therefore, you will need to add another R$640.00 to purchase this game. Is the value of the game?
-3(-4x+5)=-6(7x-8)+9-10x
Calculate the boiling temperature and freezing temperature at 1 atmosphere pressure of a solution formed by dissolving 123 grams of ferrous oxide in 1.890 grams of HCl.
The following table shows the frequency of care for some animal species in a center specializing in veterinary dentistry. Species % Dog 52.8 Cat 19.2 Chinchilla 14.4 Marmoset 6.2 Consider that the center only serves 10 animals per week. For a given week, what is the probability that at least two are not dogs? ATTENTION: Provide the answer to exactly FOUR decimal places
Use the power rule for logarithms to solve the following word problem exactly. If you invest $1, 000 at 5% interest compounded annually, how many years will it take before you have $2,000?
Find the minimum value of the function y = -4 x3 + 60 x2 -252 x + 8 for values of x between x = 0 and x = 9 Enter the value of the function, not the value of x
How to convert 45 kg into grams
Calculate the change in internal energy of a gas that receives 16000 J of heat at constant pressure (1.3 atm) expanding from 0.100 m3 to 0.200 m3. Question 1Answer to. 7050J b. 2125J c. None of the above d. 2828J and. 10295 J
-5x=115
A triangle is cut by a line s parallel to the base in such a way that it divides the side of the triangle into parts in the ratio of 2 : 3. Find the other side of the triangle if it is known that the line s divides it into parts whose length is 5 cm.
3(x-4)=156
The company produces a product with a variable cost of $90 per unit. With fixed costs of $150,000 and a selling price of $1,200 per item, how many units must be sold to achieve a profit of $400,000?
Find the rule that connects the first number to the second number of each pair. Apply the rule to find the missing number in the third pair. (18 is to 22) (54 is to 26) (9 is to ?)