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It costs you $10 to draw a sample of size n=1 and measure the attribute of interest. You have a budget of $1,500.
It costs you $10 to draw a sample of size n=1 and measure the attribute of interest. You have a budget of $1,500. Do you have enough funds to estimate the population mean for the attribute of interest with a 95% confidence interval that is 6 units in width? Assume