If you want to be 99% confident of estimating the population proportion to within a sampling error of ± 0.05 and there is historical evidence that the population proportion is approximately 0.37, what sample size is needed?
A sample size of is needed.
(Round up to the nearest integer.)
Solution :
Given that,
= 0.37
1 - = 1 - 0.37 = 0.63
margin of error = E = 0.05
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.05
Z/2 = Z 0.005 = 2.576
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.576 / 0.05)2 * 0.37 * 0.63
= 619
sample size = 619
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