Red Fire Grill would like to estimate the proportion of tips that exceed 18% of its dinner

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Red Fire Grill would like to estimate the proportion of tips that exceed 18% of its dinner bills. Without any knowledge of the population proportion, determine the sample size needed to construct a 90% interval with a margin of error of no more than 4% to estimate the proportion.

Verify your result using PHStat.

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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