The minimum sample size required to estimate the mean usage of water = 2225.07
What is Standard deviation?
In statistics, the standard deviation (SD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount of variation or dispersion of a set of data values.
We can find the minimum sample size required to estimate the mean usage of water as shown below:
Standard deviation [tex]\sigma =3.61[/tex]
Margin of error E=0.15
Critical value for 95% confidence interval = 1.96
Required minimum sample size: [tex]n=(\frac{Z_{\frac{\alpha}{2}}.\sigma }{E} )^2[/tex]
[tex]=(\frac{1.96\times 3.61}{0.15} )^2[/tex]
=2225.07
Hence, the minimum sample size required to estimate the mean usage of water = 2225.07
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