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A union of restaurant and foodservice workers would like to estimate the mean hourly wage, , of foodservice workers in the U.
A union of restaurant and foodservice workers would like to estimate the mean hourly wage, , of foodservice workers in the U.S. The union will choose a random sample of wages and then estimate using the mean of the sample. What is the minimum sample size needed in order for the union to be confident that its estimate is within of ? Suppose that the standard deviation of wages of foodservice workers in the U.S. is about . Carry your intermediate computations to at least three decimal places. Write your answer as a whole number (and make sure that it is the minimum whole number that satisfies the requirements).
