In: Statistics and Probability
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.)
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.