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The auditor of a large bank wishes to estimate the proportion of monthly statements for the bank's demand depositors that have mistakes of various kinds,

The auditor of a large bank wishes to estimate the proportion of monthly statements for the bank's demand depositors that have mistakes of various kinds, and she specifies a confidence coefficient of 0.95 and a margin of error of 0.0025. The auditor, according to her past experience, believes that the proportion of all statements with mistakes is 0.01. Find the required sample size.

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