A simple random sample of kitchen toasters is to be taken to determine the mean operational lifetime in hours. Assume that the lifetimes are normally distributed with population standard deviation σ=30 hours. Find the sample size needed so that a 90% confidence interval for the mean lifetime will have a margin of error of 7.
Solution :
Given that,
standard deviation =s = =30
Margin of error = E = 7
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
sample size = n = [Z/2* / E] 2
n = ( 1.645 * 30 / 7 )2
n =49.7025
Sample size = n =50
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