In: Statistics and Probability
A political candidate has asked you to conduct a poll to
determine what percentage of people support her.
If the candidate only wants a 1% margin of error at a 99%
confidence level, what size of sample is needed?
Give your answer in whole people.
Solution :
Given that,
= 0.5
1 -
= 1 - 0.5 = 0.5
margin of error = E = 1% = 0.01
At 99% confidence level the z is,
= 1 - 99%
= 1 - 0.99 = 0.01
/2
= 0.005
Z/2
= 2.58 ( Using z table )
Sample size = n = (Z/2
/ E)2 *
* (1 -
)
= (2.58 / 0.01)2 * 0.5 * 0.5
=16641
Sample size = 16641