The following are the approximate parameters for the Benchmark model in cosmology: $H_0 = 73.8 km s^{-1} Mpc^{-1})$, $\Omega_{m,0} = 0.266$, and $\Omega_{\Lambda,0} = 0.734$.
Given that we know $H_0$ very precisely to this value in a flat universe (meaning neglecting the negligible contribution from radiation, $\Omega_{m,0} + \Omega_{\Lambda,0} = 1$) with $\Omega_{\Lambda,0}$ being an unknown value very close to the given number, if we want to make a measurement of $\Omega_{\Lambda,0}$ with an accuracy of 5%, what is the maximum percent error we can tolerate on our measurement of luminosity distance at z = 0.5, 1.0, and 1.5?
Extra note: luminosity distance can be approximated as $$d_L \approx \frac{c}{H_0} z (1 + \frac{1 - q_0}{2} z)$$
Where $$q_0 = \frac{1}{2} \Omega_{m,0} - \Omega_{\Lambda,0}$$
Due to covid, I've been unable to take the statistical physics course that was part of my plan, so it has been since the mid 2000's since I've had a stats course. There are a bunch of follow-up questions, but I'm hoping once I grasp the approach to this one I will be able to do them myself.