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16-19. The business manager of a large company wants to check the inventory records against the physical inventories by a sample survey. He wants to be almost sure that the maximum sampling error should not be more than 5% above or below the true proportion of the inaccurate records. The proportion of the inaccurate records is estimated at 35% from past experiences. Determine the sample size.

16-19. The business manager of a large company wants to check the inventory records against the physical inventories by a sample survey. He wants to be almost sure that the maximum sampling error should not be more than 5% above or below the true proportion of the inaccurate records. The proportion of the inaccurate records is estimated at 35% from past experiences. Determine the sample size.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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16-19. The business manager of a large company wants to check the inventory records against the physical inventories by a sample survey. He wants to be almost sure that the maximum sampling error should not be more than 5% above or below the true proportion of the inaccurate records. The proportion of the inaccurate records is estimated at 35% from past experiences. Determine the sample size. onr or z er
Transcribed Image Text:16-19. The business manager of a large company wants to check the inventory records against the physical inventories by a sample survey. He wants to be almost sure that the maximum sampling error should not be more than 5% above or below the true proportion of the inaccurate records. The proportion of the inaccurate records is estimated at 35% from past experiences. Determine the sample size. onr or z er
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