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A men's clothing store in the area is for sale. Buyers are trying to calculate the percentage of obsolete products. They will randomly select products from the store's 30,000 products to determine the rate of obsolescence. The current owner has never calculated the fad rate and cannot help the buyer with this determination. What size sample should the buyer take to ensure, with 96% confidence, that the margin of error does not exceed 2%? Knowing that Z_0.02 = 2.05

 

Ans choices:

A) 15094

B) 2627

C) 3045

D) 30000

E) Other Answers

 
 Jul 21, 2022
edited by calvinbun  Jul 21, 2022

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