An Oregon wine association wants to determine the proportion of west coast consumers who would spend at

Question:

An Oregon wine association wants to determine the proportion of west coast consumers who would spend at least $ 30 on Willamette Valley pinot noir at a 99% confidence level. If they wish to have an error of no more than 5%, how large a sample must they take? Based on surveys of cruise passengers that have visited the wineries, the association estimates that the proportion is around 0.15.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: