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Suppose a clothing store wants to determine the current percentage of customers who are over the age of forty. How many customers should the company
Suppose a clothing store wants to determine the current percentage of customers who are over the age of forty. How many customers should the company survey in order to be92%
confident that the estimated (sample) proportion is within3
percentage points of the true population proportion of customers who are over the age of forty?
z
0.16
z
0.08
z
0.04
z
0.02
z
0.01
0.994
1.405
1.751
2.054
2.326
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