Please answer with proper steps -
Suppose that a random sample of size n is drawn from a population with mean µ = 220 and standard deviation σ = 20.
i. Determine the required sample size such that the standard error of the sample mean is reduced to less than 3. [2 marks]
ii. Determine the required sample size if we want to be 90% confident that the maximum error is 5.
(i)
the standard error of the sample mean is given by:
Substituting values, w get:
So, we get:
= 45 (Round to integer)
So,
Answer is:
45
(ii)
Sample Size (n) is given by:
Given:
= 0.10
From Table, critical values of Z = 1.645
= 20
e = 5
Substituting values, we get:
= 44 (Round to integer)
Answer is:
44
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