(Answered) Find the sample sizea a pizza shop owner wishes to find the

Economics

Find the Sample Size

a. A pizza shop owner wishes to find the 95% confidence interval of the true mean cost of a large plain pizza. How large should the sample be if she wishes to be accurate to within $0.15? A previous study showed that the standard deviation of the price was $0.26.

b. A researcher wishes to be 95% confident that her estimate of the true proportion of individuals who travel overseas is within 4% of the true proportion. Find the sample necessary if, in a prior study, a sample of 200 people showed that 40 traveled overseas last year. If no estimate of the sample proportion is available, how large should the sample be?

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