Finding Sample Size. In Exercises 1–4, use the given information to find the minimum sample size… 1 answer below »

Finding Sample Size. In Exercises 1–4, use the given information to find the minimum sample size required to estimate an unknown population mean .1. Credit Rating How many adults must be randomly selected to estimate the mean FICO (credit rating) score of working adults in the United States. We want 95% confidence that the sample mean is within 3 points of the population mean, and the population standard deviation is 68.2. Braking Distances How many cars must be randomly selected and tested in order to estimate the mean braking distance of registered cars in the United States. We want 99% confidence that the sample mean is within 2 ft of the population mean, and the population standard deviation is known to be 7 ft.3. Rainfall Amounts How many daily rainfall amounts in Boston must be randomly selected to estimate the mean daily rainfall amount? We want 99% confidence that the sample mean is within 0.010 in. of the population mean, and the population standard deviation is known to be 0.212 in.4. Failure Times How many integrated circuits must be randomly selected and tested for time to failure in order to estimate the mean time to failure? We want 95% confidence that the sample mean is within 2 hr of the population mean, and the population standard deviation is known to be 18.6 hours.

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