Solution-What sample size would you use

What sample size would you use

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Question - Is there interest in a new product? One of your employees has suggested that your company develop a new product. You decide to take a random sample of your customers and ask whether or not there is interest in the new product. The response is on a 1 to 5 scale with 1 indicating "definitely would not purchase"; 2, "probably would not purchase"; 3, "not sure"; 4, "probably would purchase"; and 5, "definitely would purchase." For an initial analysis, you will record the responses 1, 2, and 3 as "No" and 4 and 5 as "Yes." What sample size would you use if you wanted the 95% margin of error to be 0.15 or less?

Reference no: EM131745890

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What sample size would you use

Reference no: EM131745890

Reference no: EM131745890

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