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Answer to Question #36625 in Statistics and Probability for laucky142536

Question #36625
The sample standard deviation of P/E ratios for stocks listed on the Sydney Stock Ex-change is s = 7.8. Assume that we are now interested in estimating the population mean P/E ratio for all stocks listed on the Sydney Stock Exchange in July 2004. How many stocks should be included in the sample if we want a margin of error of 2? Use a 95% confidence level.
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