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2. (10pts) The manager of a convenient store wants to estimate the proportion of time staffs spend checking merchandise on the shelf. The manager
2. (10pts) The manager of a convenient store wants to estimate the proportion of time staffs spend checking merchandise on the shelf. The manager wants a 99% confidence that the resulting estimate will be within 10% of the true value. a) If the manager feels the proportion is 50% before making observations on the proportion, what sample size should she use? b) Suppose that, in the first A observations stock clerks were found to be checking merchandise B times. (i) Determine the values of integers A (100 A 150), and B (10 B
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a The required sample size can be calculated using the formula n Z2 p q E2 where Z Zscore for the de...Get Instant Access to Expert-Tailored Solutions
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
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