In: Statistics and Probability
-You want to obtain a sample to estimate a population
proportion. At this point in time, you have no reasonable estimate
for the population proportion. You would like to be 90% confident
that you esimate is within 2.5% of the true population proportion.
How large of a sample size is required?
n =
Do not round mid-calculation. However, use a critical value
accurate to three decimal places.
-You want to obtain a sample to estimate a population
proportion. Based on previous evidence, you believe the population
proportion is approximately p∗=62%p∗=62%. You would like to be 99%
confident that your esimate is within 0.1% of the true population
proportion. How large of a sample size is required?
n =
Do not round mid-calculation. However, use a critical value
accurate to three decimal places.
Solution,
Given that,
1) = 1 - = 0.5
margin of error = E = 0.025
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 / 0.025 )2 * 0.5 * 0.5
= 1082.41
sample size = n = 1083
2) = 0.62
1 - = 1 - 0.62 = 0.38
margin of error = E = 0.001
At 99% confidence level
= 1 - 99%
= 1 - 0.99 =0.01
/2
= 0.005
Z/2
= Z0.005 = 2.576
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.576 / 0.001 )2 * 0.62 * 0.38
= 1563388.83
sample size = n = 1,563,389