In: Statistics and Probability
Consider a simple poll that is measuring the proportion of citizens that hold a particular political belief. What is a conservative, "worst case scenario" sample size if you want the margin of error to be 2.6%? Sample Size =
Answer:
Given that,
Consider a simple poll that is measuring the proportion of citizens that hold a particular political belief.
What is a conservative, "worst-case scenario" sample size if you want the margin of error to be 2.6%:
i.e,
Margin of error (E) =2.6% = 0.26
Consider,
= 0.05
Now,
The sample size (n):
p = 0.5
q = 1 - p
= 1 - 0.5
= 0.5
Here at 95% CI, z value is 1.96.
substitute values
= 0.5 0.5 (1.96/0.26)^2
= 0.5 0.5 (7.5385)^2
= 0.5 0.5 56.829
=14.2073
n=14 (Approximately)