Solution :
Given that,
standard deviation =s = =1543
Margin of error = E = 500
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.65 ( Using z table ( see the 0.05 value in standard
normal (z) table corresponding z value is 1.65 )
sample size = n = [Z/2* / E] 2
n = ( 1.65 * 1543/ 500)2
n =25.92
Sample size = n =26
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