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The sample size required is 2938.645
Probability is the likeliness of an event to happen.
It is given that
p = .37
∈ = 0.025
∝ = 1 - 0.995 = 0.005
∝[tex]\rm z_{\alpha/2} = z_{0.005/2} = 2.807[/tex] (From z table)
Sample size n is given by
[tex]\rm n = (\dfrac{z_{\alpha/2}}{\epsilon})^2 p (1-p)\\\\n = (\dfrac{2.807}{.025})^2 *0.37*(1-0.37)\\\\n = 2938.645\\[/tex]
Therefore the sample size required is 2938.645
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