An Insurance Company Is Interested in Conducting a Study to Estimate

Multiple Choice

An insurance company is interested in conducting a study to estimate the population proportion of teenagers who obtain a driving permit within 1 year of their 16^th birthday. A level of confidence of 99% will be used and an error of no more than.04 is desired. There is no knowledge as to what the population proportion will be. The size of sample should be at least ___.

A) 1036
B) 160
C) 41
D) 259
E) 289