a hospital administrator wants to measure average cost per s
a hospital administrator wants to measure average cost per stay in his insititution. he is willing to be within 200 of the true value with a probability of 95 percent. an initial investigation of a random sample of ten records determined that the standard deviation of cost was $3987. How large a sample will need to be taken to meet the administrator\'s needs? ( need formula to input in excel)
Solution
