Try it on paper first. A hint, the key idea and the worked solution are here when you need them.
A report gives only a 95% interval for the share of shoppers who use a loyalty card: from to . It used the formula with standard errors. Find the sample share. Find the margin of error. Find, to the nearest whole number, how many shoppers were asked.
The margin of error for confidence is standard errors. For a share, . The interval is the estimate plus or minus the margin.
Have you tried it?
Work it out on paper first. It is fine to get stuck or make a mistake: that is how we learn. When you are ready, go through the solution one step at a time, and check each step against your own.
Step 1. Midpoint. .
Step 2. Half the width. .
Step 3. The size. , so about shoppers.
Answer: , and about shoppers.
Check. With shoppers, .
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