The standard IQ test has a mean of 96 and a standard deviation of 14. We want to be 99% certain that we are within 4 IQ points of the true mean. Determine the required sample size.
Solution :
Given that,
Population standard deviation = = 14
Margin of error = E = 4
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576
sample size = n = (Z/2* / E) 2
n = (2.576 *14/4 )2
n = 81.29
n = 81
Sample size = 81
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