Question

If a retailer would like to estimate the proportion of their customers who bought an item after viewing their website on a certain day with a 90% confidence level and 3% margin of error, how many customers do they have to monitor?

          If a retailer would like to estimate the proportion of their customers who bought an item after viewing their website on a certain day with a 90% confidence level and 3% margin of error, how many customers do they have to monitor?
        
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Elementary Statistics a Step by Step Approach
Elementary Statistics a Step by Step Approach
Allan G. Bluman 9th Edition
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If a retailer would like to estimate the proportion of their customers who bought an item after viewing their website on a certain day with a 90% confidence level and 3% margin of error, how many customers do they have to monitor?
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Transcript

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00:01 Hi, i'm david and i'm here to help you answer your question.
00:03 Now let me bring up your question here.
00:06 In this question here we are going to discuss about the confident interval for the proportion.
00:13 Let me remind you that the confidence interval for the p, it will be the point as main p heart plus and minus the merging of the error.
00:22 When the merging of the error, it will equal to the z and 4 over 2, times square root and the p heart times 1 minus the p heart, the value.
00:30 By n.
00:31 Now if we have no information about the proportion, we will send the phex equal to the 0 .15 in order to find the sum of size.
00:40 Now in this question we want to find the somersize such that we have the merging of the error, it will equal to 5%, 0 .05, and the 90 % confidence.
00:52 It means that we can find the zan4 over 2...
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