In: Statistics and Probability
Determine the sample size n needed to construct a 95% confidence interval to estimate the population mean for the following margins of error when sigma equals 67.
a) 25 b) 40 c) 50
:
Solution
standard deviation =s = =67
Margin of error = E = 25
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table ( see the 0.025 value in standard normal (z) table corresponding z value is 1.96 )
sample size = n = [Z/2* / E] 2
n = ( 1.96* 67 / 25)2
n =28
Sample size = n =28
b.
standard deviation =s = =67
Margin of error = E = 40
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table ( see the 0.025 value in standard normal (z) table corresponding z value is 1.96 )
sample size = n = [Z/2* / E] 2
n = ( 1.96* 67 / 40)2
n =11
Sample size = n =11
c.
standard deviation =s = =67
Margin of error = E = 50
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table ( see the 0.025 value in standard normal (z) table corresponding z value is 1.96 )
sample size = n = [Z/2* / E] 2
n = ( 1.96* 67 / 50)2
n =7
Sample size = n =7