In: Statistics and Probability
You want to obtain a sample to estimate a population proportion. At this point in time, you have no reasonable preliminary estimation for the population proportion. You would like to be 90% confident that you estimate is within 4% of the true population proportion. How large of a sample size is required? n= ____
Solution :
Given that,
= 0.5
1 - = 0.5
margin of error = E = 4% = 0.04
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.645 / 0.04)2 * 0.5 * 0.5
=422.816
Sample size = 423