A newspaper conducted a statewide survey concerning the 1998 race for state senator. The newspaper took a random sample (assume it is an SRS) of registered voters. Let p represent the proportion of registered voters in the state that would vote for the Republican candidate. How large a sample n would you need to estimate p with margin of error 0.03 with 99% confidence
Solution:
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 0.03
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (2.576 / 0.03)2 * 0.5 * 0.5
= 1843.41
= 1843
n = sample size = 1843
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