Math Solutions

[All Steps] A fictional company conducts sales seminars. At the end of each seminar attendees may or may not buy the company's product. Current estimates

Question: A fictional company conducts sales seminars. At the end of each seminar attendees may or may not buy the company's product. Current estimates are that 35% of attendees purchase the product. The company plans to take a random sample of the attendees of the sales seminar to estimate the population proportion of success (defined as percentage of the attendees who would purchase the product) with an allowable error of 3% at a 99% confidence level. How large of a random sample should the company select?

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