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A Sales Representative Has 600 Accounts

Question 3

Multiple Choice

A sales representative has 600 accounts.He wants to take a random sample to determine the mean amount of yearly sales for these accounts.From past research,he knows that the population standard deviation is approximately $28,000.How large a sample should he take in order to estimate the population mean within $8,000 at a 98% level of confidence?


A) 60
B) 45
C) 75
D) 30

Correct Answer:

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