In: Statistics and Probability
3.For a 95% confidence level, with a standard deviation equal to 25 and a sampling error of 5, calculate the sample size
a.99.96
b.61.47
c.96.04
d.75.00
Solution:
confidence level = c= 95%
standard deviation = = 25
Margin of error = E = 5
Sample size n is:
We need to find zc value for c=95% confidence level.
Find Area = ( 1 + c ) / 2 = ( 1 + 0.95) /2 = 1.95 / 2 = 0.9750
Look in z table for Area = 0.9750 or its closest area and find z value.
Area = 0.9750 corresponds to 1.9 and 0.06 , thus z critical value = 1.96
That is : Zc = 1.96
Thus
thus correct answer is: c.96.04