You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately 16%. You would like to be 90% confident that your estimate is within 3% of the true population proportion. How large of a sample size is required? Do not round mid-calculation.
n =
Solution :
Given that,
= 0.16
1 - = 1 - 0.16= 0.84
margin of error = E = 3% = 0.03
At 90% confidence level z
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645 ( Using z table ( see the 0.05 value in
standard normal (z) table corresponding z value is 1.645 )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.645 / 0.03)2 * 0.16 * 0.84
=404
Sample size = 404
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