12 chips if you are trying to find 60% of 20
we have

we know that


so



the answer is in thousandths, because the denominator of the multiplication of the two fractions is one thousand
The confidence interval is

We first find p, our sample proportion. 118/200 = 0.59.
Next we find the z-score associated with this level of confidence:
Convert 98% to a decimal: 98% = 98/100 = 0.98
Subtract from 1: 1-0.98 = 0.02
Divide by 2: 0.02/2 = 0.01
Subtract from 1: 1-0.01 = 0.99
Using a z-table (http://www.z-table.com) we see that this value is associated with a z-score of 2.33.
The margin of error (ME) is given by

This gives us the confidence interval