Find the sample size needed to estimate the percentage of Virginia residents who are left-handed. Use a Margin of Error of 3% and use a confidence level of 90% for both situations as follows.
a) Assume phat is unknown
b) Based on prior studies, use phat = 12%
Solution :
Given that,
a)
= 1 - = 0.5
margin of error = E = 0.03
Z/2 = 1.645
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 / 0.03)2 * 0.5 * 0.5
= 752
sample size = 752
b)
= 0.12
1 - = 1 - 0.12 = 0.88
margin of error = E = 0.88
Z/2 = 1.645
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.645 / 0.03)2 * 0.12 * 0.88
= 318
sample size = 318
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