A political candidate has asked you to conduct a poll to determine what percentage of people support him. If the candidate only wants a 0.1% margin of error at a 97.5% confidence level, what size of sample is needed?
Solution :
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 0.1% = 0.001
At 97.5% confidence level the z is ,
= 1 - 97.5% = 1 - 0.975 = 0.025
/ 2 = 0.025 / 2 = 0.0125
Z/2 = Z0.0125 = 2.24
Sample size = n = (Z/2 / E)2 * * (1 - )
= (2.24 / 0.001)2 * 0.5 * 0.5
= 1254400
Sample size = 1254400
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