• Card 18 / 25: An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What total sample size would the economist need to use for a 95% confidence interval if the width of the interval should not be more than $100?
    A) n = 1537
    B) n = 40
    C) n = 385
    D) n = 20

    Answer:
    A) n = 1537

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