In: Math
A researcher wishes to estimate the percentage of adults who support abolishing the penny. What size sample should be obtained if he wishes the estimate to be within 5 percentage points with 95% confidence if (a) he uses a previous estimate of 22%? (b) he does not use any prior estimates? Round up the answer to the nearest integer
Solution :
Given that,
a) = 0.22
1 - = 1- 0.22 =0.78
margin of error = E = 0.05
At 95% confidence level
= 1 - 95%
=1 - 0.95 =0.05
/2
= 0.025
Z/2
= 1.96
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.96/0.05)2 * 0.22 * 0.78
= 263.68
sample size = n = 264
b) = 1 - = 0.5
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.96/ 0.05)2 * 0.5 * 0.5
= 384.16
sample size = n = 385