SOLUTION: Suppose you have a box with a very large number of orange and blue beads. You want to estimate the proportion of orange beads in the box and you want to be 95% confident that your

SOLUTION: Suppose you have a box with a very large number of orange and blue beads. You want to estimate the proportion of orange beads in the box and you want to be 95% confident that your

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Question 925730: Suppose you have a box with a very large number of orange and blue beads. You want to estimate the proportion of orange beads in the box and you want to be 95% confident that your point estimate, which is the sample proportion is within 1% of the true proportion Find the appropriate sample size.
The appropriate sample size(n) is

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

p = p(orange)
n = p(1-p)(1.96/.01)^2

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