In: Statistics and Probability
1) margin of error: 0.025; confidence level: 99%; p = .25. The minimum sample size is n = .
2) margin of error: 0.04; confidence level 98%; p = .7. The minimum
sample size is n = .
3) margin of error: 3%; confidence level 95%; p = .5. The minimum sample size is n = .
4) margin of error 2%; confidence level 97%; p = .15. The minimum sample size is n = .
5) margin of error 1.5%; confidence level 96%; p = .66. The minimum sample size is n = .
Solution,
Given that,
= 0.25
1 - = 1 - 0.25 = 0.75
margin of error = E = 0.025
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 / 0.025 )2 * 0.25 * 0.75
= 1990.73
Sample size = n = 1991
( 2 )
= 0.7
1 - = 1 - 0.7 = 0.3
margin of error = E = 0.04
At 98% confidence level
= 1 - 98%
= 1 - 0.98 = 0.02
/2
= 0.01
Z/2
= Z0.01 = 2.326
Sample size = n = (Z / 2 / E )2 * * (1 - )
= ( 2.326 / 0.04 )2 * 0.7 * 0.3
= 710
Sample size = n = 710
( 3 )
= 0.5
1 - = 1- 0.5 = 0.5
margin of error = E = 3% = 0.03
At 95% confidence level
= 1 - 95%
= 1 - 0.95 =0.05
/2
= 0.025
Z/2
= Z0.025 = 1.96
Sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.96 / 0.03 )2 * 0.5 * 0.5
= 1067
Sample size = n = 1067
( 4 )
= 0.15
1 - = 1 - 0.15 = 0.85
margin of error = E = 2% = 0.02
At 97% confidence level
= 1 - 97%
= 1 - 0.97 = 0.03
/2
= 0.015
Z/2
= Z0.015 = 2.170
Sample size = n = (Z / 2 / E )2 * * (1 - )
= ( 2.170 / 0.02 )2 * 0.15 * 0.85
= 1500.96
Sample size = n = 1501
( 5 )
= 0.66
1 - = 1 - 0.66 = 0.34
margin of error = E = 1.5% = 0.015
At 96% confidence level
= 1 - 96%
= 1 - 0.96 = 0.04
/2
= 0.02
Z/2
= Z0.032 = 2.054
Sample size = n = (Z / 2 / E )2 * * (1 - )
= ( 2.054 / 0.015 )2 * 0.66 * 0.34
= 4207.67
Sample size = n = 4208