2 Answered Questions for the topic 99%, Confidence Interval

99%, Confidence Interval

11/30/17

what is the minimum sample size needed for a confidence interval of getting head in tossing a coin with no more than a 2% margin of error?

I'm not sure what equation to use or how to do it. I know we are looking for the sample size. The answer is 2401 but can someone show me the work that goes into it. I would really appreciate it.
99%, Confidence Interval

09/13/17

Construct a 95% confidence interval for the mean time taken to mail products for all orders received at the office

A computer company sells computers and computer parts by mail. The company assures its customers that products are mailed as soon as possible after an order is placed with the company. A sample of... more

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