You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately σ=29.9σ=29.9. You would like to be 90% confident that your estimate is within 1 of the true population mean. How large of a sample size is required? n= ?
Solution :
Given that,
standard deviation = =29.9
Margin of error = E = 1
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
sample size = n = [Z/2 * / E] 2
n = ( 1.645 *29.9 /1 )2
n =2419.21
Sample size = n =2420
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