You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately o = 80.5 dollars....

Extracted text: You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately o = 80.5 dollars. You would like to be 98% confident that your estimate is within 5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? Hint: Video [+] n =