Number of personnel records that should be sampled

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Reference no: EM1392637

An analysis wishes to estimate the mean hourly wage of workers in a particular company within 25cents and with a 95% confidence level. The std. dev. of the wages is estimated as being no larger than $1.00. What is the number of personnel records that should be sampled, at minimum, to satisfy the requirements?

Reference no: EM1392637

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