The manager of a car company will select a random sample of its customers to create a 99% confidence interval to estimate the proportion of its customerswho have children.Of the following, what is the smallest sample size that will result in a margin of error of no more than 7% (0.07)?Show ALL WORK to the best of your ability (best option: show or describe what you typed into your calculator and the answer).

From the provided information, Margin of error = 0.07 Confidence level = 99%

Answered: The manager of a car company will…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The manager of a car company will select a random sample of its customers to create a 99% confidence interval to estimate the proportion of its customers who have children. Of the following, what is the smallest sample size that will result in a margin of error of no more than 7% (0.07)?