Use the given data to find the sample size required to estimate the population proportion. Margin of error: 0.012; confidence level: 98%; p and q unknown
Solution :
Given that,
= 0.5
1 - = 0.5
margin of error = E = 0.012
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
Z/2 = Z0.01 = 2.326
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.326 / 0.012)2 * 0.5*0.5
= 9392.84
sample size = 9393
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