You want to estimate the mean amount of time Internet users spend on Facebook each month. How many Internet users must be surveyed in order to be 95% confident that your sample mean is within 15 minutes of the population mean? Based on a previous study, it was found that the population standard deviation spent on Facebook is 210 minutes.
Solution
standard deviation =s = = 210
Margin of error = E = 15
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
sample size = n = [Z/2* / E] 2
n = ( 1.96*210 / 15 )2
n =752.95
Sample size = n =753 ROUNDED
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