(Solution Library) In a sample of 400 shops, it was discovered that 136 of them sold carpets below the list prices recommended by manufacturers. Estimate the
Question: In a sample of 400 shops, it was discovered that 136 of them sold carpets below the list prices recommended by manufacturers.
Estimate the percentages of all carpet-selling shops selling below list price.
Calculate the 95% confidence limits for this estimate, and explain briefly what these mean.
What sample size would have to be taken in order to estimate the percentages to within +-2%?
Deliverable: Word Document 