Question

You want to obtain a sample to estimate a population proportion. At this point in time, you have no reasonable estimate for the population proportion. You would like to be 98% confident that you esimate is within 0.1% of the true population proportion. How large of a sample size is required?

Answer 1

Solution :

Given that,

= 0.5

1 - =0.5

margin of error = E =0.1 % = 0.001

At 95% confidence level the z is ,

= 1 - 95% = 1 - 0.95 = 0.05

/ 2 = 0.05 / 2 = 0.025

Z/2 = Z0.025 = 1.96 ( Using z table )

Sample size = n = (Z/2 / E)2 * * (1 - )

= (1.96 / 0.001)2 * 0.5 * 0.5

= 960400

Sample size =960400