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How many customers should the company survey ?

 
 
askto
 
Reply Fri 7 Dec, 2018 04:27 pm
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 be 98% confident that the estimated (sample) proportion is within 2 percentage points of the true population proportion of customers who are over the age of forty?

z0.10 z0.05 z0.025 z0.01 z0.005
1.282 1.645 1.960 2.326 2.576
Use the table of values above.
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