In: Statistics and Probability
Chapter 6, Section 2-CI, Exercise 109
What Influences the Sample Size Needed?
In this exercise, we examine the effect of the margin of error on determining the sample size needed. Find the sample size needed to give, with 95% confidence, a margin of error within ±, 8 . Within. ±, 5 Within ±, 1. Assume that we use ά= 25 as our estimate of the standard deviation in each case. Round your answers up to the nearest integer.
ME= 8: n= _______
ME=5: n= _______
ME= 1: n= _______
Solution :
Given that,
standard deviation = =25
a ) margin of error = E =8
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
= ((2.576 * 25) / 8)2
= 38
Sample size = 38
b ) margin of error = E =5
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
= ((2.576 * 25) / 5)2
= 96
Sample size = 96
a ) margin of error = E =1
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
= ((2.576 * 25) / 1)2
= 2401
Sample size = 2401