A confidence interval was used to estimate the proportion of statistics students who are female. A random sample of 72 statistics students generated the following confidence interval: (.438, .642). Using the information above, what sample size would be necessary if we wanted to estimate the true proportion to within 3% using 99% reliability?
Solution :
confidence interval: (0.438, 0.642).
Point estimate = = (Lower confidence interval + Upper confidence interval ) / 2
Point estimate = = (0.438 + 0.642) / 2
Point estimate = = 0.540
= 1 - = 1 - 0.540 = 0.460
Margin of error = E = 0.03
At 99% confidence level
= 1 - 99%
=1 - 0.99 =0.01
/2
= 0.005
Z/2
= Z0.005 = 2.576
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.576 / 0.03)2 * 0.540 * 0.460
= 1831.47
sample size = n = 1832
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