
Let’s work a sample size problem.
A random sample size, n, is to be taken from a large population having a standard deviation of 1″. The sample size is to be determined so that there well be a 0.05 risk probability of exceeding a 0.1″ tolerance error in using the sample mean to estimate μ. Which of the following values is nearest the required sample size?
a. 42
b. 106
c. 203
d. 384 [Read more…]