Mathematics, 22.04.2021 16:30 ConstanceBhoo301
The manufacturer of the ColorSmart-5000 television set claims 95 percent of its sets last at least five years without needing a single repair. In order to test this claim, a consumer group randomly selects 420 consumers who have owned a ColorSmart-5000 television set for five years. Of these 420 consumers, 303 say their ColorSmart-5000 television sets did not need a repair, whereas 117 say their ColorSmart-5000 television sets did need at least one repair. Determine the sample size needed in order to be 99 percent confident that p, the sample proportion of ColorSmart-5000 television sets that last at least five years without a single repair, is within a margin of error of .03 of p, the population proportion of sets that last at least five years without a single repair. (Round your p answer to 5 decimal places. Round your n answer to the next whole number.)
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The manufacturer of the ColorSmart-5000 television set claims 95 percent of its sets last at least f...
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