In: Statistics and Probability
Find the minimum sample size required to estimate a population proportion with a margin of error equal to .04 and a confidence level of 90%. A recent study resulted in a sample proportion of .70. Also determine the minimum sample size if no prior study was done.
Solution :
Given that,
= 0.70
1 - = 1 - 0.70= 0.3
margin of error = E = 0.04
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.645 / 0.04)2 * 0.70 * 0.30
=355.165
Sample size = 356 rounded
part b
determine the minimum sample size if no prior study was done.
= 0.5
1 - = 0.5
margin of error = E = 0.04
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.645 / 0.04)2 * 0.5* 0.5
=423
Sample size = 423 rounded