A group of statistics students decided to conduct a survey at their university to find the average (mean) amount of time students spent studying per week. Assuming a population standard deviation of three hours, what is the required sample size if the error should be less than a half hour with a 99% level of confidence?

240

Formula:

n = [(z-value * sd)/E]^2

where n = sample size,

z-value will be 2.58 using a z-table to represent the 99% confidence interval

sd(standard deviation) = 3

E = 0.5

Substituting the parameters into the formula n = [(z-value * sd)/E]^2, we have,

n = [(2.58 ×3) ÷ 0.5]²

n = 239.63 approximately 240.

is there a answer choice?

1. government controls industry through policy

2.government is both a consumer and a producer

4. government can use policy t influence economy

i did this!