In: Statistics and Probability
What is the minimal sample size needed for a 95% confidence interval to have a maximal margin of error of 0.1 in the following scenarios? (Round your answers up the nearest whole number.)
(a) a preliminary estimate for p is 0.28
(b) there is no preliminary estimate for p
Solution :
margin of error = E = 0.1
Z/2 = 1.96
(a)
= 0.28
1 - = 0.72
sample size = n = (Z / 2 / E)2 * * (1 - )
= (1.96 / 0.1)2 * 0.28 * 0.72
= 77.4
sample size = n = 78
(b)
= 0.5
1 - = 0.5
sample size = n = (Z / 2 / E)2 * * (1 - )
= (1.96 / 0.1)2 * 0.5 * 0.5
= 96.04
sample size = n = 96