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(Solution) - In analyzing a lot with random sample variation you find

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In analyzing a lot with random sample variation, you find a sampling standard deviation of ± 5%. Assuming negligible error in the analytical procedure, how many samples must be analyzed to give 95% confidence that the error in the mean is within ± 4% of the true value? Answer the same question for a confidence level of 90%.


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This question was answered on: Jul 11, 2017

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