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Sales team of a New Ventures Company is in the process of introducing a new product. As an initial step company conducted a survey of

  1. Sales team of a New Ventures Company is in the process of introducing a new product. As an initial step company conducted a survey of prospective customers. Estimate how large a sample should company take if they want to estimate the proportion of people who will buy the product to within 3%, with 99% confidence.

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