In: Statistics and Probability
Determine the sample size n needed to construct a 90% confidence interval to estimate the population proportion when p over bar equals 0.64 and the margin of error equals 7%.
n=???
Solution :
Given that,
= 0.64
1 - = 1 - 0.64 = 0.36
margin of error = E = 7% = 0.07
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 / 0.07)2 * 0.64* 0.36
=127.2384
Sample size = 128