What sample size should the flower shop take?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A flower shop owner wants to estimate the proportion of people who enter the store that make a purchase. They want a 95% confidence interval on the proportion of people who enter the store that make a purchase with a margin for error of 0.04 or 4%. Their partner estimates that 20% (a proportion of 0.2) of the people who enter the store make a purchase so the owner will use that value when determining the
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