In: Statistics and Probability
Find the sample size needed to estimate the percentage of California residents who are left handed. Use a margin of error of three percentage points and use a confidence level of 99%. Assume that p and q are unknown.
Solution :
Given that,
= 0.5
1 - = 0.5
margin of error = E = 3% = 0.03
At 99% confidence level the z is,
= 1 - 99%
= 1 - 0.99 = 0.01
/2 = 0.005
Z/2 = 2.58 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (2.58 / 0.03)2 * 0.5 * 0.5
=1849
Sample size = 1849