Confidence interval for magazine


A direct-mail sales company should find out its credit policies quite carefully. Assume that the firm suspects that advertisements in a certain magazine have led to the excessively high rate of write-offs (accounts regarded as uncollectible). The firm desires to establish 90% confidence interval for this magazine's write-off proportion that is accurate to 0.02 (margin of error=.02)

a) How many accounts should be sampled to guarantee this goal?

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Basic Statistics: Confidence interval for magazine
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