Mathematics, 30.03.2021 01:00 kiyomi58

A local men's clothing store is being sold. From a previous inventory analysis, the current owners determined that 37% of the merchandise was outdated. The buyers would like a more current estimate of the proportion of items that are outdated. They will choose a random sample from the 100,000 items in the store's inventory in order to determine the proportion of merchandise that is outdated. What size sample do the buyers need in order to be 99% confident that the margin of error of their estimate is about 0.06

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A local men's clothing store is being sold. From a previous inventory analysis, the current owners d...