In: Statistics and Probability
A population has standard deviation 17.7.
Part 1 of 2
(a) How large a sample must be drawn so that a 90% confidence
interval for u will have a margin of error equal to 3.2?
Round the critical value to no less than three decimal places.
Round the sample size up to the nearest integer.
A sample size of ___ is needed to be drawn in order to obtain a 90% confidence interval with a margin of error equal to 3.2.
Part 2 of 2
(b) If the required confidence level were 99.5, would the necessary
sample size be larger or smaller
(larger/smaller), because the confidence level is (higher/lower).
Solution :
Given that,
standard deviation = = 17.7
margin of error = E = 3.2
At 90% confidence level the z is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2 = Z0.05 = 1.645
Sample size = n = ((Z/2 * ) / E)2
= ((1.645 * 17.7) / 3.2)2
= 837
Sample size = 83
b )At 99.5% confidence level the z is ,
= 1 - 99.5% = 1 - 0.995 = 0.005
/ 2 = 0.005 / 2 = 0.0025
Z/2 = Z0.0025 = 2.807
Sample size = n = ((Z/2 * ) / E)2
= ((2.807 * 17.7) / 3.2)2
= 241
Sample size = 241
Sample size is larger the confidence level is higher