You want to obtain a sample to estimate a population proportion.
At this point in time, you have no reasonable preliminary
estimation for the population proportion. You would like to be 95%
confident that you estimate is within 3.5% of the true population
proportion. How large of a sample size is required?
n =
Solution:
Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 3.5% = 0.035
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.035)2 * 0.5 * 0.5
= 784
n = sample size = 784
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