Question: Linda Barnes has learned from prior studies that one out of five applicants gets admitted to top MBA programs in the country. She wishes to

Linda Barnes has learned from prior studies that one out of five applicants gets admitted to top MBA programs in the country. She wishes to construct her own 90% confidence interval for the acceptance rate in top MBA programs. How large a sample should she take if she does not want the acceptance rate of the sample to deviate from that of the population by more than five percentage points? State your assumptions in computing the required sample size.

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