In: Statistics and Probability
Use the given data to find the minimum sample size required to
estimate the population proportion.
Margin of error: 0.05; confidence level:
95%; and unknown
Group of answer choices
Solution :
Given that,
=
0.5
1 -
=0.5
margin of error = E = 0.05
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 )
Sample size = n = (Z/2
/ E)2 *
* (1 -
)
= (1.96 / 0.05)2 * 0.5* 0.5
= 384.16
Sample size =384