Business, 12.03.2020 23:54, jraghubir50

In a sample of 7070 stores of a certain company, 6262 violated a scanner accuracy standard. It has been demonstrated that the conditions for a valid large-sample confidence interval for the true proportion of the stores that violate the standard were not met. Determine the number of stores that must be sampled in order to estimate the true proportion to within 0.050.05 with 9595% confidence using the large-sample method.

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In a sample of 7070 stores of a certain company, 6262 violated a scanner accuracy standard. It has b...