Many television viewers express doubts about the validity of certain commercials. In an attempt to answer their critics, Timex Group USA wishes to estimate the proportion of consumers who believe what is shown in Timex television commercials. Let p represent the true proportion of consumers who believe what is shown in Timex elevision commercials. What is the smallest number of consumers that Timex can survey to guarantee a margin of error of 0.05 of less at a 99% confidence level? 550 750 700 650 600

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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Many television viewers express doubts about the validity of certain commercials. In an attempt to answer their
critics, Timex Group USA wishes to estimate the proportion of consumers who believe what is shown in Timex
television commercials. Let p represent the true proportion of consumers who believe what is shown in Timex
television commercials. Wwhat is the smallest number of consumers that Timex can survey to guarantee a margin of
error of 0.05 of less at a 99% confidence level?
550
750
700
650
600
Transcribed Image Text:Many television viewers express doubts about the validity of certain commercials. In an attempt to answer their critics, Timex Group USA wishes to estimate the proportion of consumers who believe what is shown in Timex television commercials. Let p represent the true proportion of consumers who believe what is shown in Timex television commercials. Wwhat is the smallest number of consumers that Timex can survey to guarantee a margin of error of 0.05 of less at a 99% confidence level? 550 750 700 650 600
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