A marketing research company desires to know the mean consumption of meat per week among people over age 31. They believe that the meat consumption has a mean of 4.7 pounds, and want to construct a 80% confidence interval with a maximum error of 0.090.09 pounds. Assuming a variance of 0.64 pounds, what is the minimum number of people over age 31 they must include in their sample? Round your answer up to the next integer.
Solution :
Given that,
Variance = = 0.64
Population standard deviation = = 0.8
Margin of error = E = 0.09
At 80% confidence level the z is ,
= 1 - 80% = 1 - 0.80 = 0.20
/ 2 = 0.20 / 2 = 0.10
Z/2 = Z0.10 = 1.282
sample size = n = (Z/2* / E) 2
n = (1.282 * 0.8/ 0.09)2
n = 129.86
n = 130
Sample size = 130
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