The following information is provided,
Significance Level, α = 0.05, Margin of Error, E = 0.04
The provided estimate of proportion p is, p = 0.5
The critical value for significance level, α = 0.05 is 1.96.
The following formula is used to compute the minimum sample size
required to estimate the population proportion p within the
required margin of error:
n >= p*(1-p)*(zc/E)^2
n = 0.5*(1 - 0.5)*(1.96/0.04)^2
n = 600.25
sample size = 600 (if rounding is done to nearest integer)
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