Approximately 25% of tourists going to Atlantic City to gamble spend more than $500. The Atlantic City Chamber of Commerce wants to update this percentage. For the new study, the estimate should be within 1% of the population proportion, with a 90% confidence level. What is the necessary sample size?

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The Answer of Approximately 25% of tourists going to Atlantic City to gamble spend more than $500. The Atlantic City Chamber of Commerce wants to update this percentage. For the new study, the estimate should be within 1% of the population proportion, with a 90% confidence level. What is the necessary sample size?

Approximately 25% of Tourists Going to Atlantic City to Gamble