10. The lowest and highest observations in a population are 19 and 63, respectively. What is the minimum sample size n required to estimate μ with 95% confidence if the desired margin of error is E = 2.6? What happens to n if you decide to estimate μ with 90% confidence?
(You may find it useful to reference the z table. Round intermediate calculations to at least 4 decimal places and "z" value to 3 decimal places. Round up your answers to the nearest whole number.)
Confidence Level | n |
95% | ? (31 WRONG ?) |
90% | ? (22 WRONG ?) |
Please do not answer if you are not sure, THANK YOU! :)
10
Maximum = 63
Minimum = 19
Range = maximum - minimum = 63 - 19 = 44
Using Range rule of thumb
Population Standard deviation = Range / 4 = 44 / 4 = 11
Margin of error = E = 2.6
At 95% confidence,
Z/2 = Z0.025 = 1.96
sample size = n = [Z/2* / E] 2
n = [1.96 * 11 / 2.6]2
n = 69
Sample size = n = 69
At 90% confidence,
Z/2 = Z0.05 = 1.645
sample size = n = [Z/2* / E] 2
n = [1.645 * 11 / 2.6]2
n = 49
Sample size = n = 49
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