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
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document.write( "If no preliminary estimate is available, find the minimum sample size needed. \n" );
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Algebra.Com's Answer #230670 by stanbon(75887)![]() ![]() ![]() 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( " |