A large ouTdoor equipment store isbeing sold- the buyers are trying to estimate the percentage of items that are outdated they will tandomly sample among its 100000 items In order to determine the proportion of merchandise that is outdated the current owners had a previous percentage of of outdated merchandise of 12% approx how large a sample to the nearest whole number do the buyers need in orde to ensure that they are 98 % confident that the margin of error is withi 3%
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A local outdoor equipment store is being sold . The buyers are trying to estimate the percentage of items that are outdated . They will randomly sample among its 100,000 items in order to determine the proportion of merchandise that is outdated . The current owners have never determined their outdated percentage and can not help the buyers . Approximately how large a sample do the buyers need in order to insure that they are 99% confident that the margin of error is within 3 %?
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