A local menʹs clothing store is being sold. The buyers are trying to estimate the percentage
of items that are outdated. They will choose a random sample from the 100,000 items in
the storeʹs inventory in order to determine the proportion of merchandise that is outdated.
The current owners have never determined the percentage of outdated merchandise and
cannot help the buyers. How large a sample do the buyers need in order to be 90%
confident that the margin of error of their estimate is within 3%?

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The Answer of A local menʹs clothing store is being sold. The buyers are trying to estimate the percentage
of items that are outdated. They will choose a random sample from the 100,000 items in
the storeʹs inventory in order to determine the proportion of merchandise that is outdated.
The current owners have never determined the percentage of outdated merchandise and
cannot help the buyers. How large a sample do the buyers need in order to be 90%
confident that the margin of error of their estimate is within 3%?

A Local Menʹs Clothing Store Is Being Sold