If the standard deviation of the lifetime of washing machines is assumed to be 500 hours of use, how large of a sample must be taken to be 90% confident that an estimate of the population Mean hours of use will have a margin of error of not more than 50 hours?
Solution :
Given that,
standard deviation = =500
Margin of error = E = 50
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 * 500 / 50 )2
n =270.6025
Sample size = n =271 rounded
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