Determine the minimum sample size required when you want to be 99% confident that the sample mean is within 0.50 units of the population mean. Assume a population standard deviation of 1.4 in a normally distributed population.
53
52
30
31
Solution :
Given that,
standard deviation = = 1.4
margin of error = E = 0.50
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
= ((2.576 *1.4 ) / 0.50)2
= 52
Minimum Sample size = 52
Option 2nd is correct
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