How many families must we survey if we want to be 99% sure that our estimate of the fraction of U.S. families currently purchasing potato chips at least once a month is accurate within 2%?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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In past years, approximately 25% of all U.S. families purchased potato chips at least once a month. We are interested in determining the fraction of all U.S. families that currently purchase potato chips at least once a month. How many families must we survey if we want to be 99% sure that our estimate of the fraction of U.S. families currently purchasing potato chips at least once a month is accurate within 2%?

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