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Sample size for the determination of proportion

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.

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Solution Summary

Step by step method for computing sample size for the estimation of population proportion