In: Statistics and Probability
A confidence interval was used to estimate the proportion of math majors that are female. A random sample of 72 math majors generated the following confidence interval: (0.438, 0.642). Using the information above, what size sample would be necessary if we wanted to estimate the true proportion to within 5% using 95% reliability?
a. 396
b. 400
c. 385
d. 382
Solution:
Given: A random sample of 72 math majors generated the following confidence interval: (0.438, 0.642)
thus sample proportion is:
We have to find sample size n:
E = Margin of Error = 5% = 0.05
c = confidence level = 95%
Formula:
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:
d. 382