Answer:
At least 315
Step-by-step explanation:
A journalist intends to find the average annual salary of CEOs within the S&P 1,500. Due to time constraints, a sample is used.
Standard deviation of the sample (s) = 449300
Sample size = n
Permissible margin of error = 50000
Z critical value = 1.96
Thus, 1.96 times the standard error equals 50000.
Standard error equals 25510.20
Standard deviation divided by the square root of n = 25510.20
By simplifying, we can derive:

Thus, the minimum sample size required is 315.
a. The point estimate for the population mean is b. The confidence interval at 80% is c. This means there is an 80% probability that the true mean of the population lies within the given confidence interval.
C. (1,5) The solution represents where two lines intersect.