In: Statistics and Probability
Clyde is a political candidate. Clyde asks Marge, his head of
polling, to conduct a poll that will estimate the percentage of
voters who support him with a 1% margin of error at a 99%
confidence level. How many random voters does Marge need to poll?
Be sure to round accordingly.
Marge would need to survey ____ voters in order to be within a 1%
margin of error at a 99% confidence level.
Solution :
Given that,
= 0.5
1 - =0.5.
margin of error = E = 1% = 0.01
At 99% confidence level the z is,
= 1 - 99%
= 1 - 0.99 = 0.01
/2 = 0.005
Z/2 = 2.576 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (2.576 / 0.01)2 * 0.5 * 0.5
=16589.44
Sample size = 16589
if we take two decimal z value so answer is
= (2.58 / 0.01)2 * 0.5 * 0.5
=16641