Use the Given Data to Find the Minimum Sample Size $0.09$

question 92

Multiple Choice

Use the given data to find the minimum sample size required to estimate the population proportion.
-Margin of error: $0.09$ ; confidence level: $95 \%$ ; from a prior study, $\hat { \mathrm { p } }$ is estimated by the decima equivalent of $87 \%$ .

• A) 5
• B) 48
• C) 54
• D) 162

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Definitions:

Merchandise

Products or goods that are bought, sold, or traded within the retail or wholesale market.

Inventory Shrinkage

The loss of products between purchase from supplier and sale to customer, often due to theft, damage, or errors.

Merchandise Inventory

Goods a business intends to sell to customers, held as part of a company's current assets.

Physical Count

The process of manually counting the actual inventory on hand to verify quantities and condition.