In: Math
Closer to the November election, better precision and smaller margins of error are desired. Assume the following margins of error are requested for surveys to be conducted during the electoral campaign. Assume a planning value of p* = 0.50 and a 90% confidence level. What is the recommended sample size for each survey? Show work
Solution :
Given that,
= 0.5
1 - = 0.5
1)
margin of error = E = 0.045
At 90% confidence level the t is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2 = Z0.05 = 1.645
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 /0.045 )2 * 0.5*0.5
= 334.077
sample size = 335
2)
margin of error = E = 0.035
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 /0.035)2 * 0.5*0.5
= 552.25
sample size = 553
3)
margin of error = E = 0.025
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 /0.025 )2 * 0.5*0.5
= 1082.41
sample size = 1083
4)
margin of error = E = 0.015
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 /0.015)2 * 0.5*0.5
= 3006.69
sample size = 3007