Question

In: Statistics and Probability

Determine the smallest sample size required to estimate the population mean under the given specifications in...

Determine the smallest sample size required to estimate the population mean under the given specifications in parts a through d below.

a. e=2.6​, confidence level=90​%, data between 70 and 150

The smallest sample size required to estimate the population mean is . ​(Round up to the nearest whole number as​ needed.)

Solutions

Expert Solution

Solution:

First we estimate the value of the standard deviation using range rule of thumb.

= Range/4 = (largest observation - smallest observation)/4 = (150 - 70)/4 = 20

Now , also given margin of error E = 2.6

confidence level c = 90% = 0.90

c = 0.90

= 1- c = 1- 0.90 = 0.10

  /2 = 0.05 and 1- /2 = 0.950

Search the probability 0.950 in the Z table and see corresponding z value

= 1.645

Now, sample size (n) is given by,

=  {(1.645 * 20 )/ 2.6 }2

= 160.1198

= 161 ..(round to the next whole number)

The smallest sample size required to estimate the population mean is 161.


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