In order to set rates, an insurance company is trying to estimate the number of sick days that full time workers at an auto repair shop take per year. A previous study indicated that the standard deviation was 2.8 days. How
Large a sample must be selected if the company wants to be 95% confident that the true mean differs from the
Sample mean by no more than 1 day?
A) 31
B) 141
C) 512
D) 1024
Correct Answer:
Verified
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