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Mathematics, 22.04.2020 02:17 mattmaddox86
A credit card company is about to send out a mailing to test the market for a new credit card. From that sample, they want to estimate the true proportion of people who will sign up for the card nation-wide. A pilot study suggests that about 0.5% of the people receiving the offer will accept it. To be within a tenth of a percentage point (0.001) of the true rate with 95% confidence, how big does the test mailing have to be?
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A credit card company is about to send out a mailing to test the market for a new credit card. From...
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