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Mathematics, 20.09.2020 18:01 Jennitiu

Suppose we want a 99% 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 $34. (a) How large should the sample be to guarantee the margin of error will be no more than $3?(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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