In: Statistics and Probability
Determine the necessary sample size for the following examples:
A) A senator wants an estimate of the proportion of the population who support her education views. She wants the estimate to be within .013 of the true proportion. Assume a 95 percent level of confidence.
B) 45 percent of tourists going to Las Vegas go to a concert. The Las Vegas tourism board wants to update this percentage. For the new study, the estimate should be within 2% of the population proportion with a 98 percent confidence level.
Solution:
a ) Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 0.013
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.013)2 * 0.5 * 0.5
= 5682.898
= 5683
n = sample size = 5683
b ) Given that,
= 40% =0.45
1 - = 1 - 0.45 = 0.55
margin of error = E = 2% = 0.02
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
Z/2 = Z0.01 = 2.326
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (2.326/ 0.02)2 * 0.45 * 0.55
= 3347.6082
= 3348
n = sample size = 3348