In: Statistics and Probability
What is the minimal sample size needed for a 95% confidence interval to have a maximal margin of error of 0.1 in the following scenarios? (Round your answers up the nearest whole number.)
(a) a preliminary estimate for p is 0.16
(b) there is no preliminary estimate for p
We have given,
Margin of error =E=0.1
Level of significance = 1-0.95=0.05
Z critical value is (by using Z table) =1.96
Sample size formula is
a) Preliminary estimate for proportion (Known) = 0.16
=51.63
Therefore , sample size approximately will be 52
b)
Preliminary estimate for proportion (Not Known) = 0.5
=96.04
Therefore , sample size approximately will be 97