Q48
You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately σ=29.8σ=29.8. You would like to be 95% confident that your estimate is within 10 of the true population mean. How large of a sample size is required? Round up to nearest whole number.
Solution :
Given that,
Population standard deviation = = 29.8
Margin of error = E = 10
At 95% confidence level
= 1-0.95% =1-0.95 =0.05
/2
=0.05/ 2= 0.025
Z/2
= Z0.025 = 1.960
Z/2 = 1.960
sample size = n = [Z/2* / E] 2
n = [1.96 *29.8 / 10 ]2
n = 34
Sample size = n = 34
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