In: Statistics and Probability
A researcher wishes to estimate, with 99% confidence, the population proportion of adults who think Congress is doing a good or excellent job. Her estimate must be accurate within 2% of the true proportion. (a) No preliminary estimate is available. Find the minimum sample size needed. (b) Find the minimum sample size needed, using a prior study that found that 34% of the respondents said they think Congress is doing a good or excellent job. (c) Compare the results from parts (a) and (b).
E = Margin of error = 2% = 0.02
Confidence level = 99% = 0.99
Using Z table critical value for 99% is
Z = 2.58 ( a = 1-0.99= 0.01 , area = 1-(a/2) = 0.995 check 0.995 is Z or table or use excel command
=NORMSINV(0.995) )
Part a.
no preliminary estimate is available so we assume,
p = 0.5
Sample size formula :
n = 0.25 * 16641
n = 4160.25
n = 4160 ( rounded value )
Part b.
A prior study that found that 34% of the respondents said they think Congress is doing a good or excellent job.
p = 0.34
Sample size formula :
n = 0.2244 * 16641
n = 3734.24
n = 3734 ( rounded value )
Partc.
When prior estimate is not available we get heigher sample size is 4160 and for prior size 34% the sample size is going to decrease it is 3734.
At prior estimate 50% we get heigher sample size.