Question

A car insurance company would like to determine the proportion of accident claims covered by the company. According to a preliminary estimate, 60 percent of the claims are covered. How large a sample should be taken to estimate the proportion of accident claims covered by the company if we want to be 98 percent confident that the sample percentage is within 3 percent of the actual percentage of the accidents covered by the insurance company?
A. 348
B. 1508
C. 1887
D. 1442

Answer

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