In: Math
A 95% confidence interval for p is given as (0.43,0.77). How large was the sample used to construct this interval? (n)
Solution :
Given that
confidence interval = (0.43,0.77)
Point estimate =
= (Lower confidence interval + Upper confidence interval ) / 2
Point estimate =
= (0.43 + 0.77) / 2 = 0.60
Margin of error = E = Upper confidence interval -
= 0.77 - 0.60 = 0.17
= 0.60
1 -
= 1 - 0.60 = 0.40
margin of error = E = 0.17
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 / 0.17)2 * 0.60 * 0.40
= 31.90
sample size = n = 32