a coal company wants to determine a 90% confidence interval estimate for the average daily tonnage of coal that it mines. assuming the company reports that the standard deviation of daily output is 197 tons, how many days should it sample so that the margin of error will be 39.1 tons or less?



Answer :

100 days should it sample so that the margin of error will be 39.1 tons or less

What is margin error?

The margin of error is a statistic that describes how much random sampling error there is in survey results. One should have less faith that a poll's findings would accurately reflect those of a population census the higher the margin of error.

The margin of error can be stated as

ME = SE⋅cv where cv = z.90 because this corresponds to a two tail test so we need the z value at 90%.

We can now use a look up table to find the corresponding z value to use which should be 1.96

Now

SE = σ/√n  leading to

39.1 = (197/√n)⋅(1.96).

Now we just need to solve for n

√n = (197/39.1)⋅(1.96) = 10

n = 10^2

n = 100

So, we probably need to sample for about 100 days if we want be within that margin of error.

To know more about the margin error, click on the link

https://brainly.com/question/24289590

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