document.write( "Question 322174: You wish to estimate, with 98% confidence, the proportion of computers that need repairs or have problems by the time they are four years old. The estimate must be accurate within 5% of the true proportion. \r
\n" ); document.write( "\n" ); document.write( "If no preliminary estimate is available, find the minimum sample size needed.
\n" ); document.write( "

Algebra.Com's Answer #230670 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
You wish to estimate, with 98% confidence, the proportion of computers that need repairs or have problems by the time they are four years old. The estimate must be accurate within 5% of the true proportion.
\n" ); document.write( "If no preliminary estimate is available, find the minimum sample size needed.
\n" ); document.write( "----
\n" ); document.write( "n = [z/E]^2*pq
\n" ); document.write( "------
\n" ); document.write( "n = [(invNorm(0.99))/0.05)^2*(1/2)^2 = 2164.7578*(1/4) = 541.18
\n" ); document.write( "---
\n" ); document.write( "n = 542 when rounded up
\n" ); document.write( "===================================
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
\n" ); document.write( "=============
\n" ); document.write( "
\n" );