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A survey is planned to determine the mean annual family medical expenses of employees of a...

A survey is planned to determine the mean annual family medical expenses of employees of a large company. The management of the company wishes to be

95% confident that the sample mean is correct to within plus or minus±​$60

of the population mean annual family medical expenses. A previous study indicates that the standard deviation is approximately $253

a. How large a sample is​ necessary?

b. If management wants to be correct to within ±​$25

how many employees need to be​ selected?

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https://drive.google.com/open?id=1miDykB956rSHGgAYD93YaJKxmD9a_oZ1

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