A car insurance company would like to determine the proportion of accident claims covered by the company.According to a preliminary estimate 60% 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% confident that the sample percentage is within 3% of the actual percentage of the accidents covered by the insurance company?

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The Answer of A car insurance company would like to determine the proportion of accident claims covered by the company.According to a preliminary estimate 60% 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% confident that the sample percentage is within 3% of the actual percentage of the accidents covered by the insurance company?

A Car Insurance Company Would Like to Determine the Proportion