Many states are carefully considering steps that would help them collect sales taxes on items purchased through the Internet. How many randomly selected sales transactions must be surveyed to determine the percentage that transpired over the​ Internet? Assume that we want to be 99% confident that the sample percentage is within two percentage points of the true population percentage for all sales transactions.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 6E
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Many states are carefully considering steps that would help them collect sales taxes on items purchased through the Internet. How many randomly selected sales transactions must be surveyed to determine the percentage that transpired over the​ Internet? Assume that we want to be 99% confident that the sample percentage is within two percentage points of the true population percentage for all sales transactions.

Many states are carefully considering steps that would help them collect sales taxes on items purchased through the Internet. How many randomly selected sales
transactions must be surveyed to determine the percentage that transpired over the Internet? Assume that we want to be 99% confident that the sample percentage is
within two percentage points of the true population percentage for all sales transactions.
n =
(Round up to the nearest integer.)
Transcribed Image Text:Many states are carefully considering steps that would help them collect sales taxes on items purchased through the Internet. How many randomly selected sales transactions must be surveyed to determine the percentage that transpired over the Internet? Assume that we want to be 99% confident that the sample percentage is within two percentage points of the true population percentage for all sales transactions. n = (Round up to the nearest integer.)
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