Assume that the population standard deviation of annual incomes of all Manitoba residents is $2500. How many individuals must we include in a simple random sample if we want to be 95% confident that the population mean income lies within $150 of our sample mean income? Justify your conclusion.

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The Answer of Assume that the population standard deviation of annual incomes of all Manitoba residents is $2500. How many individuals must we include in a simple random sample if we want to be 95% confident that the population mean income lies within $150 of our sample mean income? Justify your conclusion.

Assume That the Population Standard Deviation of Annual Incomes of All