In: Math
A. Determine the sample size required to estimate a population proportion to within 0.038 with 97.9% confidence, assuming that you have no knowledge of the approximate value of the sample proportion.
Sample Size =
B. Repeat part the previous problem, but now with the knowledge that the population proportion is approximately 0.29.
Sample Size =
Solution :
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 0.038
At 97.9% confidence level the z is,
= 1 - 97.9%
= 1 - 0.979 = 0.021
/2 = 0.0105
Z/2 = 0.0105=2.31
Sample size = n = (Z/2 / E)2 * * (1 - )
= (2.31 / 0.038)2 * 0.5 * 0.5
=924
Sample size = 924
Solution :
Given that,
= 0.29
1 - = 1 - 0.29 = 0.71
margin of error = E = 0.038
At 97.9% confidence level the z is,
= 1 - 97.9%
= 1 - 0.979 = 0.021
/2 = 0.0105
Z/2 = 0.0105=2.31
Sample size = n = (Z/2 / E)2 * * (1 - )
= (2.31 / 0.038)2 * 0.29 * 0.71
=761
Sample size = 761