A political candidate has asked you to conduct a poll to determine what percentage of people support him. If the candidate only wants a 0.5% margin of error at a 95% confidence level, what size of sample is needed?
Solution :
Given that,
= 1 - = 0.5
margin of error = E = 0.005
At 95% confidence level
= 1 - 95%
=1 - 0.95 =0.05
/2
= 0.025
Z/2
= 1.96
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.96 / 0.005)2 * 0.5 * 0.5
sample size = n = 38416
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