Determine the minimum sample size required in order to estimate p, the population proportion, to within 0.05, with:
a) 95% confidence.
b) 99% confidence.
Solution :
Given that,
= 0.5
1 - = 1 - 0.5= 0.5
margin of error = E = 0.05
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.96 / 0.05)2 * 0.5* 0.5
= 384
Sample size = 384
B.
Solution :
Given that,
= 0.5
1 - = 1 - 0.5= 0.5
margin of error = E = 0.05
At 99% confidence level the z is,
= 1 - 99%
= 1 - 0.99 = 0.01
/2 = 0.005
Z/2 = 2.58 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (2.58 / 0.05)2 * 0.5 * 0.5
=665.64
Sample size = 666
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