In: Statistics and Probability
Determine the sample size n needed to construct a 95?% confidence interval to estimate the population proportion for the following sample proportions when the margin of error equals 55?%.
a. p? = 0.50
b. p = 0.60
c. p = 0.70
Solution:
Given that,
a ) = 0.50
1 - = 1 - 0.50 = 0.50
margin of error = E = 55% = 0.55
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.55)2 * 0.50 * 0.50
= 3.1684
n = sample size = 3
b ) = 0.60
1 - = 1 - 0.60 = 0.40
margin of error = E = 55% = 0.55
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.55)2 * 0.60 * 0.40
= 3.042
n = sample size = 3
c ) = 0.70
1 - = 1 - 0.70 = 0.30
margin of error = E = 55% = 0.55
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.55)2 * 0.70 * 0.30
= 2.6615
n = sample size = 3