You are here (click or tap to change)    Back to Chapter 7 Main Page

Problem 1


A stockbroker on Wall Street wants to estimate the average daily-high price for JAVA Sun Microsystems stock.  What sample size is necessary to form a 99% confidence interval to estimate the mean daily-high within 0.25 dollars?  Assume the population standard deviation is known to be 4.944 dollars.


  Back to Chapter 7