For a fair coin toss the probability of Heads is, of course 50%.
a.) What is the standard deviation for the sampling distribution for the sample proportion of Heads in a sample size of n=100?
Answer: ____________.
b.) How large a sample would be required in order to get a standard deviation for less than 0.01?
Answer: ________________.
Solution:
Given
p = 50% = 0.5
a)
n = 100 (sample size)
Let be the sample proportion.
The standard deviation for the sampling distribution for the sample proportion is
=
=
= 0.05
Answer : 0.05
b)
Suppose = 0.01
= 0.01
Squaring
p(1 - p)/n = (0.01)2
0.5(1 - 0.5)/n = 0.0001
n = 2500
Answer : 2500
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