8)
Answer)
As the population s.d is unknown we will use t distribution
N = 3
Df = n-1 = 2
From t table for 2 df and 98% confidence level critical value t is = 6.965
Margin of error = t*s.d/√n
We need to find n
0.5 = 6.965*1.5/√n
N = 437
4)
We need to use standard normal z table to estimate the answer here
Critical value z from z table for 95% confidence level is 1.96
Margin of error (MOE) = z*√p*(1-p)/√n
P = 0.5
Moe = 0.01
After substitution
N = 9604
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