Lombard Electronics Company has just installed a new machine that makes a part that is used in clocks. The company wants to estimate the proportion of these parts produced by this machine that are defective. The company manager wants this estimate to be within .02 of the population proportion for a 95% confidence level. What is the most conservative es- timate of the sample size that will limit the margin of error to within .02 of the population proportion?

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Lombard Electronics Company has just installed a new machine that makes a part that is
used in clocks. The company wants to estimate the proportion of these parts produced by
this machine that are defective. The company manager wants this estimate to be within .02
of the population proportion for a 95% confidence level. What is the most conservative es-
timate of the sample size that will limit the margin of error to within .02 of the population
proportion?
Transcribed Image Text:Lombard Electronics Company has just installed a new machine that makes a part that is used in clocks. The company wants to estimate the proportion of these parts produced by this machine that are defective. The company manager wants this estimate to be within .02 of the population proportion for a 95% confidence level. What is the most conservative es- timate of the sample size that will limit the margin of error to within .02 of the population proportion?
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