7. What is the minimum sample size needed to ensure a survey to create a confidence interval estimate of a population proportion has a margin of error no larger than 0.09 at the 98% confidence level?
Solution :
Given that,
= 0.5
1 -
= 1 - 0.5 = 0.5
margin of error = E =0.09
At 98% confidence level the z is,
= 1 - 98%
= 1 - 0.98 = 0.02
/2
= 0.01
Z/2
= 2.326 ( Using z table )
Sample size = n = (Z/2
/ E)2 *
* (1 -
)
= (2.326 / 0.09)2 * 0.5 * 0.5
=166.98
Sample size = 167 (rounded accurate )
167 minimum sample size needed to ensure a survey
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