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The Manager of a Grocery Store Wants to Determine What

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The manager of a grocery store wants to determine what proportion of people who enter his store are his regular customers. What size sample should he take so that at 97% confidence the margin of error will not be more than 0.1?

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Definitions:

Closing Price

The final price at which a stock is traded on a given trading day.

Current Yield

The annual income (interest or dividends) earned from an investment, expressed as a percentage of the current price.

Liquidation Payment

The payout received by investors or creditors during the liquidation of a company, prioritizing payments according to seniority of claims.

Preferred Stock

represents ownership in a corporation with a claim on assets and earnings before common stockholders, often paying fixed dividends.

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