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Mathematics, 26.11.2019 05:31 gtsaeg260

The price-earnings ratios for all companies whose shares are traded on a specific stock exchange follow a normal distribution with a standard deviation of 3.7. a random sample of these companies is selected in order to estimate the population mean price-earnings ratio. complete parts (a) through (c). a. how large a sample is necessary in order to ensure that the probability that the sample mean differs from the population mean by more than 1.2 is less than 0.10? the sample size must be at least nothing. (type a whole number.) b. without doing the calculations, state whether a larger or smaller sample size compared to the sample size in part (a) would be required to guarantee that the probability of the sample mean differing from the population mean by more than 1.2 is less than 0.05. the sample size would need to be â–Ľ . c. without doing the calculations, state whether a larger or smaller sample size compared to the sample size in part (a) would be required to guarantee that the probability of the sample mean differing from the population mean by more than 0.8 is less than 0.10. the sample size would need to be â–Ľ .

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