In: Statistics and Probability
Amelia wants to estimate what proportion of her community
members favor a tax increase for more local
school funding. She wants her margin of error to be no more than 2%
at the 95% condence level. What is
the smallest sample size required to obtain the desired margin of
error?
(2) Suppose a preliminary poll reveals that 45% of 50 voters
support a presidential candidate. At 95% condence,
how large a sample is needed to obtain a margin of error of 4
percentage points?
Solution :
Given that,
1) = 0.50
1 - = 0.50
margin of error = E = 0.02
At 95% confidence level
= 1-0.95% =1-0.95 =0.05
/2
=0.05/ 2= 0.025
Z/2
= Z0.025 = 1.960
Z/2 =1.960
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.96/0.02)2 * 0.50*0.50
= 2401
sample size = n = 2401
2)
= 0.45
1 - =1 -0.45 = 0.55
margin of error = E = 0.04
At 95% confidence level
= 1-0.95% =1-0.95 =0.05
/2
=0.05/ 2= 0.025
Z/2
= Z0.025 = 1.960
Z/2 =1.960
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.96/0.04)2 * 0.45*0.55
= 594
sample size = n =594