In: Statistics and Probability
A researcher wishes to estimate, with 95% confidence, the population proportion of adults who think the president of their country can control the price of gasoline. Her estimate must be accurate within 44% of the true proportion.
a) No preliminary estimate is available. Find the minimum sample size needed.
b) Find the minimum sample size needed, using a prior study that found that
46% of the respondents said they think their president can control the price of gasoline.
c) Compare the results from parts (a) and (b).
Solution :
Given that,
(a)
= 0.05
1 - = 0.05
margin of error = E = 0.04
Z/2 = 1.96
sample size = n = (Z / 2 / E)2 * * (1 - )
= (1.96 / 0.04)2 * 0.5 * 0.5
= 600.25
sample size = n = 601
(b)
= 0.46
1 - = 0.54
margin of error = E = 0.04
Z/2 = 1.96
sample size = n = (Z / 2 / E)2 * * (1 - )
= (1.96 / 0.04)2 * 0.46 * 0.54
= 597
sample size = n = 597
(c)
Having an estimate of the population proportion reduces the minimum sample size is needed .