In: Statistics and Probability
You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be
9090%
confident that the sample percentage is within
1.51.5
percentage points of the true population percentage. Complete parts (a) and (b) below.
a. Assume that nothing is known about the percentage of passengers who prefer aisle seats.
nequals=nothing
(Round up to the nearest integer.)
b. Assume that a prior survey suggests that about
3232%
of air passengers prefer an aisle seat.
nequals=nothing
(Round up to the nearest integer.)
Solution :
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E =1.5 % = 0.015
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 / 0.015)2 * 0.5 * 0.5
=3006.69
Sample size = 3007
(B)
Solution :
Given that,
= 0.32
1 - = 1 - 0.32 = 0.68
margin of error = E =1.5 % = 0.015
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 / 0.015)2 * 0.32 * 0.68
=2617.02
Sample size =2617