Estimate the minimum sample size needed to achieve the margin of error E equals = 0.293
Solution :
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
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 * * (1 - )
= (1.96 / 0.293)2 * 0.5 * 0.5
= 11.18 = 12
Minimum sample size = 12
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