question archive Your firm wants to investigate how much money the typical tourist will spend on their next visit to New York
Your firm wants to investigate how much money the typical tourist will spend on their next visit to New York
Subject:StatisticsPrice: Bought3
Your firm wants to investigate how much money the typical tourist will spend on their next visit to New York. How many tourists should be included in your sample if you want to be 90% confident that the sample mean is within $17 from the population mean? From previous studies, we know that the standard deviation is $70.
