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# Solved: A Cereal Manufacturing Company Has Determined That 62% Of Their Target Market Purchases Their Product. They Have Conducted A Study To Determine If The Proportion Of People Purchasing Their Pro

By COURSE ANSWERS |A cereal manufacturing company has determined that 62% of their target market purchases their product. They have conducted a study to determine if the proportion of people purchasing their product is similar in another country. However, before the findings could be shown to the board an intern misplaced information describing the sample size of their study. The analysts know that the standard error of the sampling proportion in their study was found to be 0.012. Help them figure out how many people were involved in the study. Note: 1- Round any intermediate numbers to 4 decimal places. 2- Round your final answer to the nearest integer.