Determine what proportions of people who enter the store

Reference no: EM13695191

The manager of a department store wants to determine what proportions of people who enter the store use the store’s credit cards for their purchases. What size sample should be taken so that at 99% confidence, the error will not be more that 8%?

Reference no: EM13695191

Questions Cloud

Explain the features of each plan to make a decision : The other has a contribute up to 10% of their salary through payroll deduction and matches it dollar to dollar; this plan vests fully five years - Explain the features of each plan to make a decision.

A reduction in personal income tax : What effect would each of the following have on aggregate demand or aggregate supply? Explain.

The consumption schedule directly relates : The consumption schedule directly relates

A continuing client : How would your answer be different if this was a continuing client?

Determine what proportions of people who enter the store : The manager of a department store wants to determine what proportions of people who enter the store use the store’s credit cards for their purchases. What size sample should be taken so that at 99% confidence, the error will not be more that 8%?

Traditional marketing methods of gathering : the age of digital capture of customer data, the possibilities of tailored, specific customer messaging and customer to customer sharing of experience and ratings of products and services, the traditional processes of marketing are markedly change..

The financial budgets include : The financial budgets include the:

Determine the standard error of the mean : A random sample of 100 credit sales in a department store showed an average sale of $120.00.From past data, it is known that the standard deviation of the population is $40.00. Determine the standard error of the mean.

Monopolist selling widgets : You are a monopolist selling widgets. You face costs of C(Q) = 10 + 2Q^2. Suppose you face the following market demand: Q(p) = 3000 - 2p. What price will you charge? How many widgets will you sell?

User Account

All Pages