In: Statistics and Probability
How large a sample should be selected to provide a 95% confidence interval with a margin of error of 6? Assume that the population standard deviation is 40 . Round your answer to next whole number.
Solution :
Given that,
standard deviation = = 40
margin of error = E = 6
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
Sample size = n = ((Z/2 * ) / E)2
= ((1.96 * 40) / 6)2
= 170.7377
Sample size = 170.737
[OR]
Answer:
= 40
Margin of error = 6
Margin of error = (Z/2)(/)
6 = (1.96)(40/)
6 = 78.4/
= 78.4/6
= 13.0666
n = 170.737
Thus, sample size n = 170 (approx.)
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