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Statistics & DataSuperchallengeConfidence Intervals

Confidence Intervals · Superchallenge problem

A pollster does not trust the normal approximation and instead uses Chebyshev's inequality, P(∣p^−p∣≥E)≤Var⁡(p^)E2P(|\hat p - p| \ge E) \le \dfrac{\operatorname{Var}(\hat p)}{E^2}, together with the worst case Var⁡(p^)≤14n\operatorname{Var}(\hat p) \le \dfrac{1}{4n}. What is the smallest sample size nn that GUARANTEES P(∣p^−p∣<0.05)≥0.95P(|\hat p - p| < 0.05) \ge 0.95 by this argument?