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A market researcher plans to sample sales receipts at a natural food store to estimate the average size (in dollars) of a customer purchase. Previous analysis suggests that the standard deviation of the purchase amount is approximately $25. In order to calculate a 95% confidence interval of total width less than $5, how many sales records should the researcher include in her sample? 97, 385, or 271?
A market researcher plans to sample sales receipts at a natural food store to estimate the average size (in dollars) of a customer purchase. Previous analysis suggests that the standard deviation of the purchase amount is approximately $25. In order to calculate a 95% confidence interval of total width less than $5, 385 sales records should the researcher include in her sample.
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Asked 12/9/2016 7:51:01 PM
Updated 3/18/2023 12:17:48 AM
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A market researcher plans to sample sales receipts at a natural food store to estimate the average size (in dollars) of a customer purchase. Previous analysis suggests that the standard deviation of the purchase amount is approximately $25. In order to calculate a 95% confidence interval of total width less than $5, 385 sales records should the researcher include in her sample.


Added 3/18/2023 12:17:48 AM
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After a series of major corporations admitted to large accounting irregularities, a public policy research institute conducts a survey to determine whether the public favors increased governmental regulation and oversight of corporations. Which of the following questions will deliver an unbiased response? Should privately-owned companies be subjected to intrusive governmental regulation and oversight, is the government doing enough to protect American shareholders from corporate greed, or ...
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Updated 3/18/2023 12:17:24 AM
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After a series of major corporations admitted to large accounting irregularities, a public policy research institute conducts a survey to determine whether the public favors increased governmental regulation and oversight of corporations. The following questions will deliver an unbiased response is: Should privately-owned companies be subjected to intrusive governmental regulation and oversight?
Added 3/18/2023 12:17:24 AM
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In a finance class, the midterm exam's scores were distributed approximately normally, with mean 13 (out of 20), and standard deviation 4. Approximately, what proportion of the test takers scored no higher than 17? 84%, 16%, or 68%?
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Updated 2/24/2023 12:40:24 PM
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In a finance class, the midterm exam's scores were distributed approximately normally, with mean 13 (out of 20), and standard deviation 4. Approximately, 84% proportion of the test takers scored no higher than 17.
Added 2/24/2023 12:40:24 PM
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When an additional independent variable is added to a regression analysis, would a drop in R-squared and a drop in significance for one or more independent variable; a drop in adjusted R-squared and an increase in significance for one or more independent variable, or an increase in adjusted R-squared and a drop in significance for one or more independent variable could be indications of multicollinear independent variables?
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Updated 1/20/2023 12:38:56 AM
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When an additional independent variable is added to a regression analysis, would a drop in R-squared and a drop in significance for one or more independent variable; a drop in adjusted R-squared and an increase in significance for one or more independent variable.
Added 1/20/2023 12:38:56 AM
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