In 2011 it was estimated that 45% of U.S. households purchased groceries at convenience stores and 29%
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Question:
In 2011 it was estimated that 45% of U.S. households purchased groceries at convenience stores and 29% purchased groceries at wholesale clubs. Consider a follow-up study focusing on the last calendar year.
a. What sample size is needed to estimate the population proportion of U.S. households purchasing groceries at convenience stores to within 0.02 with 95% confidence?
b. What sample size is needed to estimate the population proportion of U.S. households purchasing groceries at wholesale clubs to within 0.02 with 95% confidence?
c. Compare the results of (a) and (b). Explain why these results differ.
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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