Accidents covered by the insurance company


A car insurance company would like to determine the proportion or accident claims covered by the company. According to a preliminary estimate 60% of the claims are covered. The preliminary n is 62. How large a sample should be taken to estimate the proportion of accident claims covered by the company if we want to be 98% confident that the sample percentage is w/in (+-)3% of the accidents covered by the insurance company?

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Business Management: Accidents covered by the insurance company
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