In: Statistics and Probability
A researcher wishes to estimate, with
95%
confidence, the population proportion of adults who think the president of their country can control the price of gasoline. Her estimate must be accurate within
33%
of the true proportion.
a) No preliminary estimate is available. Find the minimum sample size needed.
b) Find the minimum sample size needed, using a prior study that found that
3838%
of the respondents said they think their president can control the price of gasoline.
c) Compare the results from parts (a) and (b).
Solution :
Given that,
Margin of error = E = 33% = 0.33
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
a)
= 0.5
1 - = 1 - 0.5 = 0.5
Sample size = ( Z/2 / E)2 * * (1 - )
= (1.96 / 0.33)2 * 0.5 * 0.5
= 8.81 = 9
Sample size = n = 9
b)
= 38% = 0.38
1 - = 1 - 0.38 = 0.62
Sample size = ( Z/2 / E)2 * * (1 - )
= (1.96 / 0.33)2 * 0.38 * 0.62
= 8.31 = 9
Sample size = n = 9
c) Having an estimate of the population proportion reduces the minimum sample size is needed .