In: Statistics and Probability
1. If n=28, x¯ (x-bar)=50, and s=6, find the margin of error at a 95% confidence level (use at least two decimal places)
2. What is the margin of error for a poll with
a sample size of 2400 people? Round your answer to the nearest
hundredth of a percent.
%
3. If you want a poll to have a margin of error
of 3.24%, how large will your sample have to be? Round your answer
to the nearest whole number.
__people
Solution :
1)
sample size = n = 28
Degrees of freedom = df = n - 1 = 27
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,27 = 2.052
Margin of error = E = t/2,df * (s /n)
= 2.052 * ( 6/ 28)
= 2.33
2)
sample size = n = 2400
Degrees of freedom = df = n - 1 = 2399
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,2399 = 1.961
Margin of error = E = t/2,df * (s /n)
= 1.961 * ( 6/ 2400)
= 0.2402
= 24.02%
3)
Margin of error = E = 0.0324
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
sample size = n = (Z/2* / E) 2
n = (1.96 * 6/ 0.0324)2
n = 362.96
n = 363
Sample size = 363