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Revenue in a cosmetics company comes mostly from their hair products' sales. The marketing department wants to estimate the proportion of customers who buy shampoo.
Revenue in a cosmetics company comes mostly from their hair products' sales. The marketing department wants to estimate the proportion of customers who buy shampoo. How many customers do they need to sample to get a confidence interval for the true mean at 98% confidence level, with an error of +/- 0.02?
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