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You are trying to estimate the average amount a family spends on food during a year. In the past, the standard deviation of the amount a family has...
You are trying to estimate the average amount a family spends on food during a year. In the past, the standard deviation of the amount a family has spent on food during a year has been $1200. If you want to be 99% sure that you have estimated average family food expenditures within $60, how many families do you need to survey?