In: Statistics and Probability
How large a sample should be selected so that the margin of error of estimate for a 98% confidence interval for p is .03 when the value of the sample proportion obtained from a preliminary sample is .75? n = 2013 n = 876 n = 1990 n = 1132
Solution,
Given that,
= 0.75
1 - = 1 - 0.75 = 0.25
margin of error = E = 0.03
At 98% confidence level
= 1 - 98%
= 1 - 0.98 =0.02
/2
= 0.01
Z/2
= Z0.01 = 2.33
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.33 / 0.03)2 * 0.75 * 0.25
= 1131.02
sample size = n = 1132