Margin of error: 0.02; confidence level: 95%; from a prior study, is estimated by the decimal equivalent of 55%. Round your answer to the nearest whole number.
Solution :
Given that,
= 0.55
1 - = 1 - 0.55 = 0.45
margin of error = E = 0.02
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 ( Using z table )
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.96 / 0.02)2 * 0.55 * 0.45
= 2376.99
Sample size =2377
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