Correct answer is 751.67. Please show how you got everything! No shortcuts! How did you get Z? If can, please show how you do it on a Ti-84 calculator?
A previous study of nickels showed that the standard deviation of the weight of nickels is 250 milligrams. A coin counter manufacturer wants to estimate the mean weight to within 15 milligrams with 90% confidence. How many nickels does he need to weigh?
Confidence level = c = 0.90
Level of significance = = 1 - c = 1 - 0.90 = 0.10
c + = 0.90 + 0.05 = 0.95
We have to find value of z using Ti-84 calculator.
The path is Click on 2ND --------> VARS ----------> invNorm( -------->
area: 0.95
: 0
: 1
Paste
We get
z = 1.64
Now we have to find value of sample size (n)
Margin of error = E = 15
Population standard deviation = = 250
We have to find sample size (n)
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